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lidiya [134]
3 years ago
6

What is the economic philosophy of Adam Smith

History
1 answer:
Svetach [21]3 years ago
8 0
His homo economic man was also more often represented as a moral person. He is the author of The Wealth of Nations and The Theory of Moral Sentiments.
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Another important difference was the relative weakness of Byzantium vis-à-vis the Roman Republic's power in its heyday. While powerful in some ways, Byzantium did not function as a hegemonic cultural, political, and military superpower in the same way as did the classical Roman Empire. This had the downside of leaving western Europe vulnerable to attacks, particularly from Viking marauders, that would not have occurred under the Roman Empire, but this also created an upside in which the western Europeans were forced to create their own vibrant and flexible cultural, political, and military institutions and infrastructures in order to survive.
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