Book IV, "Of Systems of Political Economy," argues against protectionist tariffs of mercantilism.
This work claims that the fall of the Roman Empire discouraged agriculture in a section on the "Progress of Opulence." It posits that rent is "the highest which the tenant can afford ... in the actual circumstances of the land." Book IV, "Of Systems of Political Economy," argues against protectionist tariffs of mercantilism. This work uses the example of a pin factory to illustrate the division of labor, and claims that individuals will benefit society through self-interest, "led by an invisible hand." For 10 points, name this economic treatise by Adam Smith.
This work claims that the fall of the Roman Empire discouraged agriculture in a section on the "Progress of Opulence.
An Inquiry into the Nature and Causes of the {Wealth} of {Nations}