Adam Smith, Wealth of Nations

Question 1

Essay
Adam Smith and The Wealth of Nations Adam Smith was a Scottish economist and philosopher best known for his work, The Wealth of Nations. Published in 1776, The Wealth of Nations addresses various themes, including the division of labor and free trade
Below is an excerpt from The Wealth of Nations discussing one of Smith’s most well-known ideas: the invisible hand. The invisible hand argues that an economy will function without intervention if people operate based on their own self interest. The Wealth of Nations and the invisible hand have heavily influenced the free-market approach taken by the United States in regards to the economy.

As every individual, therefore, endeavors as much as he can both to employ his capital in the support of domestic industry, and so to direct that industry that its produce may be of the greatest value; every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. . .

He intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many ot
Wealth of Nations

Teach with AI superpowers

Why teachers love Class Companion

Import assignments to get started in no time.

Create your own rubric to customize the AI feedback to your liking.

Overrule the AI feedback if a student disputes.

Other Civics Assignments

5.2 FRQ: Voter Turnout Influencesai essay check nibbaAnalysis of a Supreme Court CaseAnalyze the Influence of a Political Philosopher on the Development of American GovernmentAP Gov - Quantitative Analysis FRQ - Education Funding - HandwrittenAP Gov - SCOTUS FRQ - McCulloch v MarylandArgumentative Paragraph on EconomicsBalance of PowerBill of Rights EssayCauses of World War IC.E.R.CC.E. Presidential PowerCitizenship in Athens and Rome DBQ EssayCitizens United vs FEC: Summary and SignificanceCivics and Community: Understanding Home Renovation RegulationsComparative and Absolute Advantage in ProductionConstitutional AmendmentsDemocratic Principles and the Transatlantic Slave TradeFeb. Current Events AssignmentFishbowl Reflection QuestionsFoundations of NationalismFraming the Constitution Conceptual FRQGerrymandering Cartoon AnalysisGov Test #2, 3.1.24Gov Test #3, 4/22/24Hats of the President ReflectionLearner's Permit Regulations and Public SafetyMid term review open response questionsNational Debt AnalysisPeople's PiePeter Carlo PacconePolitical Party IdeologyPowers of the President Inquiry Based QuestionProblem 4-1 - Methods for Resolving DisputesProblem 4.2 - Dispute at the MallReconstruction Amendments in Modern AmericaSCOTUS Comparison FRQ: Brown v. BoardSupporting Question #4: How can the Constitution be changed?Supreme Court Showdown: Landmark CasesThe Evolution of Political PartiesThe President's Daily ScheduleUnderstanding Article I of the U.S. ConstitutionUnderstanding Civic Engagement in Democratic SocietiesUnderstanding Domestic Policy Issues: An 'I Side With' ExplorationUnderstanding the Functions and Influences of Political Parties, Interest Groups, and Media in DemocracyUnderstanding the Impeachment ProcessVoting and ElectionsWhat is the difference between and expressed and implied power of Congress?Wisconsin Primary DebateWriting Assessment -- Gideon v. Wainwright