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GalinKa [24]
3 years ago
7

How did adam smith contribute to the economic way of thinking?

History
1 answer:
OLga [1]3 years ago
3 0
Smith is also known for creating the concept of gross domestic product (GDP) and for his theory of compensating wage differentials. 2 According to this theory, dangerous or undesirable jobs tend to pay higher wages as a way of attracting workers to these positions.


Please mark brainliest
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What five revolutionary innovations made possible the Industrial Revolution? Give one example of each of these innovations, and
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Answer:

analysis

Although Chinese culture is replete with lists of significant works or achievements (e.g. Four Great Beauties, Four Great Classical Novels, Four Books and Five Classics, etc.), the concept of the Four Great Inventions originated from the West, and is adapted from the European intellectual and rhetorical commonplace of the Three Great (or, more properly, Greatest) Inventions.[citation needed] This commonplace spread rapidly throughout Europe in the 16th century and was appropriated only in modern times by sinologists and Chinese scholars. The origin of the Three Great Inventions—these being the printing press, firearms, and the nautical compass—was originally ascribed to Europe, and specifically to Germany in the case of the printing press and firearms. These inventions were a badge of honor to modern Europeans, who proclaimed that there was nothing to equal them among the ancient Greeks and Romans. After reports by Portuguese sailors and Spanish missionaries began to filter back to Europe beginning in the 1530s, the notion that these inventions had existed for centuries in China took hold. By 1620, when Francis Bacon wrote in his Instauratio magna that "printing, gunpowder, and the nautical compass . . . have altered the face and state of the world: first, in literary matters; second, in warfare; third, in navigation," this was hardly an original idea to most learned Europeans.[30]

In the 19th century, Karl Marx commented on the importance of gunpowder, the compass and printing, "Gunpowder, the compass, and the printing press were the three great inventions which ushered in bourgeois society. Gunpowder blew up the knightly class, the compass discovered the world market and found the colonies, and the printing press was the instrument of Protestantism and the regeneration of science in general; the most powerful lever for creating the intellectual prerequisites."[31]

Western writers and scholars from the 19th century onwards commonly attributed these inventions to China. The missionary and sinologist Joseph Edkins (1823–1905), comparing China with Japan, noted that for all of Japan's virtues, it did not make inventions as significant as paper-making, printing, the compass and gunpowder.[32] Edkins' notes on these inventions were mentioned in an 1859 review in the journal Athenaeum, comparing the contemporary science and technology in China and Japan.[33] Other examples include, in Johnson's New Universal Cyclopædia: A Scientific and Popular Treasury of Useful Knowledge in 1880,[34] The Chautauquan in 1887,[35] and by the sinologist, Berthold Laufer in 1915.[36] None of these, however, referred to four inventions or called them "great."

In the 20th century, this list was popularized and augmented by the noted British biochemist, historian, and sinologist Joseph Needham, who devoted the later part of his life to studying the science and civilization of ancient China.[11]

Recently, scholars have questioned the importance placed on the inventions of paper, printing, gunpowder, and the compass. Chinese scholars in particular question if too much emphasis is given to these inventions, over other significant Chinese inventions. They have pointed out that other inventions in China were perhaps more sophisticated and had a greater impact within China.[6]

In the chapter "Are the Four Major Inventions the Most Important?" of his book Ancient Chinese Inventions, Chinese historian Deng Yinke writes:[37]

The four inventions do not necessarily summarize the achievements of science and technology in ancient China. The four inventions were regarded as the most important Chinese achievements in science and technology, simply because they had a prominent position in the exchanges between the East and the West and acted as a powerful dynamic in the development of capitalism in Europe. As a matter of fact, ancient Chinese scored much more than the four major inventions: in farming, iron and copper metallurgy, exploitation of coal and petroleum, machinery, medicine, astronomy, mathematics, porcelain, silk, and wine making. The numerous inventions and discoveries greatly advanced China's productive forces and social life. Many are at least as important as the four inventions, and some are even greater than the four.

Explanation:

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3 years ago
During and after World War II, what happened to the government’s economic role?
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Answer: It remained about the same as private industry cooperated in

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Explanation:

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4 years ago
I don’t look like Aladdin.
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Answer:

No????

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