Why did Adam Smith, considered by many to be the father of economics, write The Wealth of Nations in 1776? Prof. James Otteson suggests that one of Adam Smith’s main concerns was poverty, which, at the time of Smith’s writings, was much worse than the poverty of today. After analyzing centuries of data, Smith found that commerce and limited government to be the best tool for alleviating poverty.
The Wealth of Nations: http://www.econlib.org/library/Smith/smWN1.html#B.I,
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Do stable property rights benefit only the rich? Prof. Aeon Skoble argues that, contrary to public belief, equally protected property rights are the little guy’s best protection against the rich and those with power. Put another way, property rights benefit all people regardless of wealth and power status.
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