My distinguished wall by Micah Nero https://padlet.com/micah_nero/roxdzl3o0n9v Made with charisma en-us 2018-01-23 17:59:52 UTC 2025-10-03 04:21:03 UTC hello@padlet.com Adam smith micah_nero https://padlet.com/micah_nero/roxdzl3o0n9v/wish/223918911
  • Born: He was baptized June 16, 1723 in Kirkcaldy, Scotland.
  • Died: July 17, 1790 in Edinburgh, Scotland.

    • ]]>     2018-01-23 18:02:57 UTC https://padlet.com/micah_nero/roxdzl3o0n9v/wish/223918911     Main idea micah_nero https://padlet.com/micah_nero/roxdzl3o0n9v/wish/223923186 >Laissez-faire philosophies, such as minimizing the role of government intervention and taxation in the free markets, and the idea that an "invisible hand" guides supply and demand are among the key ideas Smith's writing is responsible for promoting.
    >In 1759 Smith published The Theory of Moral Sentiments, a book whose main contention is that human morality depends on sympathy between the individual and other members of society.
    >Adam Smith believed that monopolies were bad for the economy because they disrupted the way things should actually function in markets. Although he was generally in favor of free markets, he believed that restrictions to free trade were sometimes necessary and could be used as economic weapons to reduce poverty. He also believed that it was sometimes necessary for the government to assist companies and industries.

    ]]>     2018-01-23 18:09:37 UTC https://padlet.com/micah_nero/roxdzl3o0n9v/wish/223923186     Adam Smith vs Karl Marx micah_nero https://padlet.com/micah_nero/roxdzl3o0n9v/wish/223925934  Karl Marx delivered a theory that communism advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs. Adams smith governmental beliefs where Laissez-faire philosophies, such as minimizing the role of government intervention and taxation in the free markets, and the idea that an "invisible hand" guides supply and demand are among the key ideas Smith's writing is responsible for promoting. Therefor they dint agree and often got into arguments.

    ]]>     2018-01-23 18:14:17 UTC https://padlet.com/micah_nero/roxdzl3o0n9v/wish/223925934     Summarized Quotes micah_nero https://padlet.com/micah_nero/roxdzl3o0n9v/wish/223932617 1.To feel much for others and little for ourselves; to restrain our selfishness and exercise our benevolent affections, constitute the perfection of human nature.
    >Meaning that when everyone works together helps others and give not worrying about getting is when the  human nature will be perfection 
    2.All money is a matter of belief.
    >meaning Money, Finance, Belief
    3.The real tragedy of the poor is the poverty of their aspirations.
    >Meaning that providence is a tragedy and its a real thing it happens everyday and its in need of a quick change.
    ]]>     2018-01-23 18:23:42 UTC https://padlet.com/micah_nero/roxdzl3o0n9v/wish/223932617     Impact on today. micah_nero https://padlet.com/micah_nero/roxdzl3o0n9v/wish/224046175 >Smith proposed that a nation’s wealth should be judged not by this metric but by the total of its production and commerce—today known as gross domestic product (GDP).                           >Written in 1776, "The wealth of the Nations" continues to be one of the most important economics books of all time. But do the lessons Smith spelled out in his text all those years ago still apply today?]]> 2018-01-23 23:22:37 UTC https://padlet.com/micah_nero/roxdzl3o0n9v/wish/224046175 Kirkcaldy micah_nero https://padlet.com/micah_nero/roxdzl3o0n9v/wish/224331252 BIrth place of Adam smith]]> 2018-01-24 17:22:47 UTC https://padlet.com/micah_nero/roxdzl3o0n9v/wish/224331252