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Table of contents
British Enlightenment ............................................ 4
John Locke ............................................................... 21
Dudley North .......................................................... 27
David Hume ............................................................ 31
Adam Smith ............................................................. 35
The circular flow ..................................................... 37
Adam Smith, The Wealth of Nations ................... 38
The invisible hand ................................................ 3 9
Limitations ............................................................. 40
Glossary .................................................................. 42
British Enlightenment
The Enlightenment or Age of Enlightenment was the intellectual development that Europe (especially France and England) had in the 18th century.
It begins in the seventeenth century with empiricism and rationalism (Bacon and Descartes), and in England with the empiricism of Locke and Hume and the deism of many English moralists, ideas that are helped by the scientific spirit and the scientific revolution thanks to Newton, and ends with the industrial revolution, the French revolution and the thought of liberalism, in the eighteenth century
1.
He opposed most of the Mercantile Policy. In addition, it promotes specialization, the division of labor and produces an increase in wealth for all.
Its main theses are that trade is unique, without there being a substantial difference between that carried out inside and outside the country.
This work represented the first great work of classical and liberal political economy; That is, it applied the principles of scientific research to economics for the first time, in an attempt to build an independent science.
His analysis of how the wealth of a nation comes from work and not so much from resources stands out. It tries to plant a stable economic system, which is based on the benefit of all and not of some, aspects that sadly handle most countries.
Bibliography
Table of contents
British Enlightenment ............................................
Adam Smith ..............................................................
John Locke ................................................................
Dudley North .............................................................
David Hume ..............................................................
The circular flow ....................................................
Adam Smith, The Wealth of Nations ...................
Context ...................................................................
The invisible hand ................................................
Limitations .............................................................