1 Jan 1776 Jahr - Smith's The Wealth of Nations

Beschreibung:

The population was increasingly polarized into
what Disraeli later called the "Two Nations"—the two classes of capital and labor, the rich and the poor.
No attempt was made to regulate this shift from the old economic world to the new, since even liberal reformers were committed to the philosophy of laissez-faire. This theory of "let alone," set out in Adam Smith's The Wealth of Nations in 1776, holds that the general welfare can be ensured only by the free operation of economic laws; the government should maintain a policy of strict noninterference and leave people to pursue, unfettered, their private interests.

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