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    Changing Thinking with Wealth of Nations by Adam Smith

    Number of Pages: 5

     

    Summary of the research paper:

    In five pages this first person narrative discusses how this economic text changed an individuals thinking about free trade and global concepts. There are no other sources listed.

    Name of Research Paper File: RT13_SA209AS.rtf

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    Unformatted Sample Text from the Research Paper:
    the United States is based upon. It is something that many have supported for decades and centuries, and it is often a discussion found in political life today. The Republicans  and Democrats often disagree on issues concerning liberty but, as a student writing on this subject might want to point out, such issues masquerade as other things, or at least  they just do not seem to pertain to liberty. Yet, the abortion issue as well as the drug war each in their own way address issues of liberty. Other issues  such as taxation and the support of the free market are relevant too. These latter economical issues do not seem to pertain to liberty necessarily, but they do, which is  why Adam Smith is so important to the development of this country. In 1776, the famous economist Adam Smith first published his Wealth of Nations. Perhaps the most notable  feature of the work is the statement of the doctrine of natural liberty (Smith, 1965). Smith held high that "mans self-interest is Gods providence," and also believed that  if government abstained from interfering with free competition, the industrial problems would work themselves out (1965). These are very important concepts and the concept of free trade is one that  separates economists into ideological camps even today. Smith further believed that the practical maximum of efficiency would be reached with the free market ideology (1965). The doctrine was further applied  to international trade and so Smiths work is a classic argument in support of free trade (1965). Some might ask what free trade has to do with personal liberty. The  answer is, quite a bit. Personal liberty, again, is vital, and it is only through monetary freedom and success that people are able to enjoy personal liberty. While I used 

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