Adam Smith's stadial history of capital, proposed in 'The Wealth of Nations' (1776), suggests that unregulated commerce would naturally lead to greater equality and political enfranchisement of laborers because capital reinvestment into productivity would increase goods and compensate for the costs of a well-fed and educated workforce.

Authors

• Person: Not available Organization: Journal of Modern Philosophy
  Ottobah Cugoano on British Slavery, National Debt, and Speculative ...

Sources

• Ottobah Cugoano on British Slavery, National Debt, and Speculative ... jmphil.org Journal of Modern Philosophy via serper

Referenced by nodes (1)

• The Wealth of Nations concept