UNIT 10: Enlightenment > Economics > Flashcards

Economics Flashcards

(9 cards)

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1
Q

what is the group of economic ppl from france called

A

physiocrats

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2
Q

what did physiocrats advocate for?

A

don’t want govt. controlling buisness

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3
Q

which important guy comes out of this

A

adam smith

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4
Q

what’s adam smith’s famous book

A

wealth of nations

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5
Q

what did he believe the govt. role is?

A

defense and protect property

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6
Q

adam smith advocated for laissez-faire??

A

didn’t want mercantilism

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7
Q

mercantilism

A

profitable trading (unfair trading in colonies and shit)

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8
Q

what did he believe in for trade?

A

free trade

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9
Q

what lead to modern capitalism (tax?_

A

no tarrifs

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UNIT 10: Enlightenment
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