Disease, Biodiversity, and the Wealth of Nations

 

One of the foundational books of modern economics is An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith. Smith elaborates on topics ranging from currency to division of labor, and also discusses the oft quoted concept of the "invisible hand" which guides the marketplace to efficient outcomes. According to Smith and many economists, the wealth of nations is primarily derived from political and economic institutions.
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