According to Hume...
1. Competition, which drives firms to innovate
2. Imitation, Learning
3. Division of Labor, which is import because it splits up job tasks and creates more goods.
ADAM SMITH
-Said you don't need the government to control and regulate everything
-"Laissez-faire"
-Three important things, Police and Courts, National Defense, "Public Goods"
*If these three ideas are met then parties in the market should be free to sell and buy, entry into different trades should be open to anyone, everyone has the right to buy and sell, and ANY attempt to suppress this is suppressing the price system.
For Smith our source of wealth comes from our ability to produce and exchange peacefully. If someone is poor you want to ask, what is stopping your ability? Unless you appeal to other people's interests you're not going to get very far.
Commercial society emerged on its' own. Order in society is possible without conscious design. We consciously try to make effort to improvement but NOTHING was planned.
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