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The Wealth of Nations was the product of seventeen years of notes and earlier studies, as well as an observation of conversation among economists of the time (like Nicholas Magens) concerning economic and societal conditions during the beginning of the Industrial Revolution, and it took Smith some ten years to produce. [8]
His background, like ours today, was private enterprise; but any dogma of non-intervention by government has to make heavy weather in The Wealth of Nations. [ 29 ] Harvard economist Stephen Marglin argues that while the "invisible hand" is the "most enduring phrase in Smith's entire work", it is "also the most misunderstood."
The Wealth of Nations was published in 1776 and was an instant success, selling out its first edition in only six months. [43] In 1778, Smith was appointed to a post as commissioner of customs in Scotland and went to live with his mother (who died in 1784) [44] in Panmure House in Edinburgh's Canongate. [45]
In those cases, the authors have used an estimated value by taking averages of the IQs of neighboring or comparable nations. For example, the authors arrived at a figure of 84 for El Salvador by averaging their calculations of 79 for Guatemala and 88 for Colombia. Including those estimated IQs, the correlation of IQ and GDP is 0.62. [citation ...
Smith, writing The Wealth of Nations in English, spoke of a "previous" accumulation; [8] Karl Marx, writing Das Kapital in German, reprised Smith's expression, by translating it to German as ursprünglich ("original, initial"); Marx's translators, in turn, rendered it into English as primitive. [1]
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The Wealth and Poverty of Nations; The Wealth of Nations; Wealth, Virtual Wealth and Debt; Why Nations Fail; Winners Take All: The Elite Charade of Changing the World
IQ and Global Inequality is a 2006 book by psychologist Richard Lynn and political scientist Tatu Vanhanen. [1] IQ and Global Inequality is follow-up to their 2002 book IQ and the Wealth of Nations, [2] an expansion of the argument that international differences in current economic development are due in part to differences in average national intelligence as indicated by national IQ estimates ...
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