Loading presentation...

Present Remotely

Send the link below via email or IM


Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.


Smith vs. Colbert

No description

Michelle Rash

on 15 November 2013

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Smith vs. Colbert

Adam Smith
Scottish economist from eighteenth century
The Wealth of Nations
propagating his economic theories
Believed in a free-market economy that would be controlled by the "invisible hand" of supply and demand and did not rely on government influence
Founder of modern capitalist economy theory, stating that competition would increase quality and decrease prices without outside help.
Jean-Baptiste Colbert
Both Smith and Colbert sought to increase the economic prosperity of their nation
Both recognized the necessity of quality and quantity standards in the market
French Minister of Finance from seventeenth century
Strong proponent of mercantilism, an economic theory that focuses on trade
Believed that the economy should be regulated and controlled by the government
Established government mandated production quota and quality standards for French merchants.
Regulated trade with high tariffs and other taxes
Full transcript