I had to pull many quotes from this paper in order to put it up, so if it seems like there is information missing, that’s probably where it went to. Otherwise enjoy. (it’s hard find pros to a communist society, I did the best I could)

This briefing on The History of Trade Theory was prepared by Justin T. Schneider while a Business Administration major in the College of Business at Southeastern Louisiana University.

This essay examines the American Revolution and the effects mercantalism had on it.

A little history into changing economic theories.

What is the history behind corporate citizenship?

Adam Smith is commonly regarded as the father of economics and has fans among right wing freedom oriented thinkers. His keenest supporters seem never to have read his “Wealth of Nations” nor his earlier work “Theory of Moral Sentiments” which provides the ethical underpinnings of his later works, most of which seem to have been ignored.

Not only do Smith’s loudest supporters appear to have based their philosophy on third party soundbites from “Wealth of Nations” they also appear not to realise that the 18th century is over 200 years past but also that the language has changed between the publication of “Wealth of Nations” in 1776 and today.

“Wealth of Nations” is a long and often tedious book needing translation of words and concepts to the present day and this note may help anyone starting to study it.

Recommendations for resolving the issue.

A conceptual outline that covers basic and main aspects/points of Laissez-Faire economics, Utilitarianism, Socialism, Utopianism, and Communism, all ideologies that were present during the time of the Industrial Revolution.

Adam Smith.

This is a short biography on one of the most enlightened economist in history.