Adam Smith's Wealth of Nations ushered in a new era of economic thought. He is considered the father of capitalism. Capitalism replaced Mercantilism as the leading economic theory. Do some internet research on both terms and create a Blog entry including the following:
- Definitions of Capitalism and Mercantilism.
- When Wealth of Nations was published.
- How this changed the role of Government in business.
- What did Smith mean by the invisible hand.
Post your answer on your Blog.
11 comments:
http://harlensblog.blogspot.com/
http://smokey-alexander.blogspot.com/
http://ralphiej.blogspot.com/
http://jeannetteseconblog.blogspot.com/
http://ngps-nancy.blogspot.com/
http://economic6.blogspot.com/
besbi perdomo 9 Prd.
http://bmglobal2.blogspot.com/
http://vanessa-vanessadiaz.blogspot.com/
Hi Mr. Joe I'm Besbi from your 9th period.
http://economic6.blogspot.com/
http://dan-dan10573.blogspot.com/2007/11/capitalism-replaces-mercantilism.html
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