Adam Smith, founder of modern economics, proposed a theory that made him controversial. This economist, born in Scotland and educated in England wrote the first study of political economic. The Wealth of nations published in the same year Americans declared their independency from england- that was in 1776 Smith’s book pointed out and directed attention to the interdependence of freedom, order, economic processes and free trade laws. Althoug his thinking did not affect economic policies during his lifetime, it’s influence in the next century was considerable. “the invisible hand” and “laissezfaire” are synonymous with Smith’s name. History has made Smith’s ideas more controversial businesspeople will smile and make a response with words like “he was a good man- really understood how business works”. To liberal reforiners and they will matter somethin along the lines of “he was an evil man- really sold average citizen down the river. Reacctions are extreme but such responses indicate that controversy aroused by Smith’s ideas is still alive.
Hi Graci! You should add your name near the tittle of your blog xD! Great job applying reducing strategies!
ResponderEliminargraci!! first of all i like the layout of your blog. In this summary i would recommend you to be careful with spelling and punctuation . For example in the word "Althoug" (line 6) and the sentence: ..."Smith’s ideas more controversial businesspeople will (line 9)" there is something missing between "controversial" and business people". The organization of the paragrapgh is very well done. ;)
ResponderEliminarDear Graciela,
ResponderEliminarYou did a great job, but you should be careful with capital letters, spelling and punctuation.
Good.