Adam Smith and the Origins of American Enterprise: How the Founding Fathers Turned to a Great Economist's Writings and Created the American Economy

Adam Smith was a Scottish professor of moral philosophy. He published his classic The Wealth of Nations in 1776, the year the American Revolution began. Smith became widely known for his ideas of free markets, laissez-faire commerce, and the invisible hand. Yet English politicians, landed gentry, and the nobility paid little attention and enacted none of Smith's suggested reforms.

The American colonies, however, began their existence as an independent nation in 1781 with no money, no industry, no banks, and deep in debt. The Founding Fathers--particularly Alexander Hamilton, James Madison, and Benjamin Franklin--turned to the ideas of Adam Smith to create and jump-start an economic system for America with both immediate and long-sustained results.

This little-known but vital part of U.S. history is now revealed in Roy C. Smith's highly readable new book.

Author: Roy C. Smith
Publisher: Truman Talley Books
Published: 02/21/2004
Pages: 224
Binding Type: Paperback
Weight: 0.65lbs
Size: 8.50h x 5.50w x 0.60d
ISBN: 9780312325763

About the Author

Roy C. Smith, an Annapolis graduate, was an investment banker at Goldman Sachs for twenty years and has been a professor of entrepreneurship and finance at New York University's Stern School for the past fourteen years. He is the author of several books, including The Global Bankers, The Money Wars, and The Wealth Creators. He lives in Montclair, New Jersey.

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