Smith was a philosopher who believed that mercantilism was the best way to establish a society and make economy rise. He thought that if an individual strives to make a more profitable living, he/she is not only going to contribute to his/her own live, nut to the overall profit of society. In his work, The Wealth of Nations he writes, “By pursuing his own interest he frequently promotes that of the society more [effectively] than when he really intends to promote it…” (Smith, Document C). Smith means that if individuals make more money, then the city make money as well. He also states that, “As every individual, therefore, endeavours as much as he can both to employ his capital [money] in the support of...industry, and so to direct that industry that its produce may be of the greatest value; every individual necessarily [contributes to] the annual revenue of the society as great as he can…” (Smith, Document C). Smith believes that prosperous citizens make for a prosperous
Smith was a philosopher who believed that mercantilism was the best way to establish a society and make economy rise. He thought that if an individual strives to make a more profitable living, he/she is not only going to contribute to his/her own live, nut to the overall profit of society. In his work, The Wealth of Nations he writes, “By pursuing his own interest he frequently promotes that of the society more [effectively] than when he really intends to promote it…” (Smith, Document C). Smith means that if individuals make more money, then the city make money as well. He also states that, “As every individual, therefore, endeavours as much as he can both to employ his capital [money] in the support of...industry, and so to direct that industry that its produce may be of the greatest value; every individual necessarily [contributes to] the annual revenue of the society as great as he can…” (Smith, Document C). Smith believes that prosperous citizens make for a prosperous