economist, and philosopher James Mill and his wife, Harriet Barrow. His father gave him a rigorous education, introducing him to Greek at the age of three and to Latin when he was eight. Mathematics and economic theory were also part of the curriculum.3 ...
Mercantilism's original foundation included beliefs that the world had limited wealth in the form of gold and silver; that nations had to build their stores of gold at the expense of others; that colonies were important for supplying labor and trading partners; that armies and navies were crucia...
That in combination with managing our expectations and our beliefs about how things SHOULD be in our life can create a very fertile ground to constantly plant little mustard seeds of happiness which eventually will grow and germinate into emotions of bliss, contentment, peace, excitement, enthusiasm...
In economic policy, limited governments seek minimal interventions in trade or commercial activity. They are often associated with concepts such as laissez-faire economics, as first delineated in Adam Smith’s 1776 book entitled "An Inquiry into the Nature and Causes of the Wealth of Nations." In...
the government should only intervene in the economy to preserve property, life, and individual freedom; otherwise, the natural, unchanging laws that govern market forces and economic processes—what later British economistAdam Smith, dubbed the "invisible hand"—should be allowed to proceed unhindered...