The Wealth of Nations

adamsmithediOn 9 March 1776, Scottish moral philosopher and pioneer of political economy, Adam Smith, published "An Inquiry into the Nature and Causes of the Wealth of Nations", a work of immense importance to the development of our modern world. Generally referred to by its shortened title The Wealth of Nations, it is the magnum opus of the Scottish economist and moral philosopher. 

The book offers one of the world's first collected descriptions of what builds nations' wealth and is today a fundamental work in classical economics. Through reflection over the economics at the beginning of the Industrial Revolution the book touches upon such broad topics as the division of labour, productivity and free markets.

In it, Smith warned that a business-dominated political system would allow a conspiracy of businesses and industry against consumers, with the former scheming to influence politics and legislation.

Quote: "...in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public...The proposal of any new law or regulation of commerce which comes from this order, ought always to be listened to with great precaution, and ought never be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention." ~ Adam Smith 1776

Sound familiar?

via wikipedia: http://en.wikipedia.org/wiki/The_Wealth_of_Nations

SDA Plan A on currency could be SNP Plan B

1337872087-2008 Rampant Lion One Pound Silver Gold Proof Coin aThe SDA has consistently and thoughtfully argued that an independent Scottish Currency, A Scottish Central Bank and comprehensive banking reform will all be key to success as an independent nation. So important we feel this is that we've stood candidates in 4 recent by-election with this as a central point in our campaign platform.

Given how the currency issue is in the news of late it may be a good time to recapitulate some of what we have said previously on the issue.

SDA Policy on Economy & Taxation
Government Funding.pdf
Scotland's Hijacked Oil Revenues
Economy and taxation - summary
Scotland's PFI/PPP Debt Burden
The Great Deception
The Great Obfuscation

SDA Policy on Financial Services
Financial Services - Executive Summary
SDA Monetary Policy

Previous Postings on Currency

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