From Adam Smith to Bill Clinton The origins of trade liberalisation are directly related with the free market ideology developed in late 18th and early 19th century. The revolutionary for that time "free to do what you want" concept in trade terms (also known as laissez-faire), saw the removal of controls on wages, the removal of agricultural support and the establishment of free trade In his book, The Wealth of Nations (published in 1776), the famous economist Adam Smith provided, amongst other things, a theoretical justification for the abandonment of previously interventionist ideals and...

• Word Count: 3038
• Approx Pages: 12
• Has Bibliography
• Grade Level: Undergraduate

When looked at from the perspective of Adam Smith, the father of economics, he noted in his book "The Wealth of Nations" that trade is one of the greatest means that promotes economic efficiency, since it facilitates division of labor". ...

• Word Count: 3175
• Approx Pages: 13
• Has Bibliography
• Grade Level: High School