Gorynia, Fiedor, Polowczyk: 250 years of “The richness of nations”

Zdjęcie: Foto: REUTERS/Lesley Martin


In Adam Smith's work, it was crucial to submit criticism to the mercantylistic doctrine, which identified the wealth of the state with the resources of the aggregates and a affirmative trade balance. Smith pointed out that the origin of wealth was productivity and division of labour alternatively than gold accumulation.