Two hundred and thirty-four years ago, Adam Smith, a Scottish philosopher and political economist died on 17 July, 1790. Born in 1723, Smith is generally eulogised as the “Father of Capitalism”, “Father of Economics”, and for “putting economic development on the map as a subject for general analysis”.
The ‘founders’ of the United States (US) viewed his ideas as a critical work of national wealth, statecraft and societal development. Karl Marx benefited immensely from…
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