Adam Smith's Lecture on Law, Police, Revenue, and Military Preparation

Author: (English) Cannan
Publisher:
Publishing Date: 2005-05-01
Features: Adam Smith was a famous economist in 18th-century England and an outstanding representative of bourgeois classical political economy. Classical political economy is one of the three sources of Marxism, and the book reflects Adam Smith's early economic thought. It captures the fundamental issues in the economic life of Britain at that time and reflects the interests and demands of capitalist development. Of course, at this time, Smith's economic thought was not yet mature, and many principles of political economy were not clearly defined or even examined. However, the general direction of Smith's research on economic issues and the central idea of his economic theory were already established, and he provided some analysis and explanation of political economy categories such as value, money, capital, and interest. All of this was greatly developed and enriched in his seminal work, The Wealth of Nations.