One part of this work argues that governments will always prefer to borrow money rather than increase taxes when funding wars. Another section deals w
One part of this work argues that governments will always prefer to borrow money rather than increase taxes when funding wars. Another section deals with the progress of opulence and discusses the aftermath of the fall of the Roman Empire. That section also discusses the superiority of industry over agriculture, and the concept of division of labor is illustrated by a pin factory. This work attacks mercantilism and protectionist tariffs, and argues that individuals are led by an "invisible hand" to benefit society. For 10 points, name this treatise on economics by Adam Smith.
One part of this work argues that governments will always prefer to borrow money rather than increase taxes when funding wars.
An Inquiry into the Nature and Causes of the {Wealth of Nations}