DVM2350 Lecture Notes - Lecture 4: Invisible Hand, Absolute Advantage, Classical Liberalism
SchoolUniversity of Ottawa
DepartmentInternational Development and Globalization
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An Inquiry into the Nature and Causes of the Wealth of Nations
What did we learn from Adam Smith?
What does Adam Smith mean by the Wealth of Nations? Is he only talking
about monetary wealth?
What does Smith mean by the division of labour?
- . "
How does smith feel about government regulation of the economy? What
does he see as the role of government?
How does Smith feel about trade?
How does Smith compare to other classical liberal thinkers?
Are his ideas still relevant in our current context?
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