Taxing the Wealth of Nations by Ethan Freiermuth
Economics
According to Adam Smith, whose insights still underpin economics as a discipline to this day, taxation is justified by the government’s ability to fulfill needs which cannot be supplied by the market and otherwise intervening to create efficiency and efficacy. While Smith’s recommendations and policy analyses were limited by his economic model and by the economic and technological development of his time, his principles are still very much applicable to the modern day. It is abundantly clear that Smith argues the vast majority of the market should be left alone to the natural incentives of the private sphere, however he does still envision a role for government which creates and enhances economic inefficiency, and provides still relevant guidelines for avoiding ill-advised policies which imprudently tax the wealth of nations.
Freiermuth, Ethan
Senior Showcase Oral presentation
Ripon College
April 23, 2019
The author reserves all rights.
pdf
Major: Politics, Economics, German
Minor: National Security Studies
Prairie Farm, Wisconsin
ECO 380
Adam Smith’s Ideas Applied to Today’s Economy by Alexandra Haen
Economics
This paper focuses on Adam Smith’s “An Inquiry into the Nature and Causes of the Wealth of Nations”, which was published in 1776 and continues to be a highly regarded contribution to economic theory. Through comparing Smith’s ideas on topics such as production, foreign trade, taxation, and different areas of government spending with current United States policies, one can begin to see how the state of America’s economy lines up with Smith’s ideal system and which changes Smith might suggest.
Haen, Alexandra
Senior Showcase Oral presentation
Ripon College
April 23, 2015
The author reserves all rights.
pdf
Majors: Economics, Business Management
Schofield, Wisconsin
ECO 481 - History of Economic Thought