TAG: Industrial revolution

A History Of Wealth

History of Wealth

Some say it all started with the industrial revolution. Others lay blame directly at the feet of a certain forefather of modern economics, the Scottish moral philosopher and economist Adam Smith. With the publication in 1776 of his book, An Inquiry into the Nature and Causes of the Wealth of Nations, it’s quite possible that Smith set in motion the modern way of thinking about wealth. At the time Smith’s seminal economic philosophy was published, the world (in particular, Britain and Europe) was in a state of turmoil. Change was everywhere. Once the denizens of absolute power, the Church and aristocracy… read more