Kim, Kwangsu - In: The European Journal of the History of Economic Thought 16 (2009) 1, pp. 41-64
The aim of the paper is to show that Smith has a theory of economic history grounded in a politico-economic modeling (as well as a sort of economic theoretical modeling). In terms of the politico-economic approach, in the Wealth of Nations (Book III.ii-iv) Smith tried to offer a systematic...