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Mandarinka [93]
3 years ago
13

What basic principle of mercantilism was disproved by adam smith in his book, the wealth of nations?

History
1 answer:
WINSTONCH [101]3 years ago
7 0
Scottish philosopher who wrote The Wealth of Nations in 1776. Argued that money in and of itself did not constitute wealth wealth but merely its marker. He advocated Laissez-faire economic theory. Adam Smith also said that individuals should freely pursue their own economic interests.
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Locke believed that there are natural rights which are unalienable and self-evident. He believed that the government should be a democratic one where the consent of the governed is necessary and that there shouldn't just be one monarch. He also believed that a country has no rights to ever forbid people from having their rights and that if something like that happens people should change the government.
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