Adam Smith, the father of modern economics today wrote about "free trade," "the law of supply and demand" and "the invisible hand of supply and demand." ... Adam Smith's idea concerning a countries wealth focused on the "liberty of individuals" and helped to lay the foundation for what became known in the 19th century as "economic liberalism." (522 John Spielvogel Western Civilization) Science was of great significance in the Enlightenment period even though it displaced religious authority. ...

• Word Count: 1452
• Approx Pages: 6
• Has Bibliography
• Grade Level: High School

How did the Enlightenment change basic Western attitudes toward reform, faith, and reason? What were the major formative influences on the philosophes? How important was Voltaire in the success of the Enlightenment? The Enlightenment altered the basic attitudes of the Western culture toward...

• Word Count: 1154
• Approx Pages: 5
• Grade Level: High School

Three Basic Views of Property: The Correlation of an Idea John Locke's ideas on general property, Karl Marx's ideas of labor and wages, and Adam Smith's ideas on the rent of property and the circumstances that balance employment seem to correlate. ... Adams Smith's views on property were more concerned with the wages and profit, and with the rent of land. ... Smith also thought that when one has property, he is entitled to lend it out, and in return, charge rent for the land. He defined rent as, "The price paid for the use of land, . . . naturally the highest which th...

• Word Count: 1961
• Approx Pages: 8
• Grade Level: High School