Adam Smith Changed My Mind About Capitalism
Kidnapped by gypsies when he was 3 years old, raised by a single mom in turn of the century Scotland after his father died chasing highway robbers, toured France during a golden age of art and philosophy as the personal tutor of a young Duke, was very popular with the opium-addled, party-going French intelligentsia, and friends with the likes of David Hume and Voltaire. Yet somehow managed to write one of the most boring books you'll ever read.
When Adam Smith's Wealth of Nations was published it was a huge hit and redefined the field of what's now known as classical economics for the industrial age. Terms like "Division of Labor," and "The Invisible Hand" were coined in this work of literature, and through it the concept of the Free Market was born.
Here's some more interesting content about Adam Smith, some of which are source material for this video:
- Noam Chomsky on Adam Smith YouTube Vid: https://www.youtube.com/watch?v=x1GF_o7Fj0M&list=PLzphOk2dUEoMYlY5wyqsz9IWtGd_5yp26&index=5
- Warren Buffet on Wealth of Nations YouTube vid: https://www.youtube.com/watch?v=iiK-pNVGm1g&list=PLzphOk2dUEoMYlY5wyqsz9IWtGd_5yp26&index=26
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