1. What Contribution Did Adam Smith and John M. Keynes Make to the Study of Economics?
... reforms based on market economics under rule of law. And what drives this flow of goods and services: I quote Adam Smith from his The Wealth of Nations: "Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society, which he has in view. But the ... other living creature. But man has almost constant occasion for the help of his brethren, and it is in vain for him to expect it from their benevolence only. He will be more likely to prevail if he can interest t...
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- Grade Level: Undergraduate