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ADAM SMITH AND THE NEW ORDER OF INDUSTRIAL CAPITALISM

Smith feels that industrial society is a place where all may prosper, provided that government allows individuals to regulate their own capitalist practices. Competition, self-interest, division of labor- all of these are favorable to the creation of wealth, and all of these may potentially exist unfettered in the industrial system. It is the task of governme

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ADAM SMITH AND THE NEW ORDER OF INDUSTRIAL CAPITALISM. (1969, December 31). In LotsofEssays.com. Retrieved 04:15, November 22, 2024, from https://www.lotsofessays.com/viewpaper/1706632.html