Tagged: Adam Smith

Beggar Thy Neighbor

Beggar Thy Neighbor Policy

Good neighbors always spy on you to make sure you are doing well. Pawan Mishra     Beggar thy neighbor policy is an economic policy which aims to boost the economy of a country, while worsening the economic conditions for another country, usually a neighboring country. Like, if you consider...

A watercolour portrait of the economist Adam Smith 1723 -1790. http://www.wilfreeborn.co.uk/?p=3532

Adam Smith

Adam Smith, highly regarded as the father of economics, was born in 1723 in Scotland. He is best known for his masterpiece which he published in 1776, “An Inquiry into the Nature and Causes of the Wealth of Nations”. At his time, mercantilism was the dominant economic policy in Europe....