Adam Smith economic thinking constitutes the cornerstone of classical economics

Proposal

In this term paper, I chose Adam Smith as the economist I will discuss because I believe that his economic thinking constitutes the cornerstone of classical economics. For Smith, the free competition environment is the best way to promote economic development, it also meets the requirements of natural laws. So in this paper, I want to focus on Adam Smith’s historical background and his free-trade philosophy. I will also compare the similarities and differences between Bian Adam Smith and David Ricardo.

In this paper, I may use the following reference or more：

1. “Economic Ideas: Adam Smith on Free Trade, Crony Capitalism, and the Benefits from Commercial Society” by Richard M. Ebeling

https://b-ok.cc/book/2037583/69592b

2. “Wealth of Nations” by Adam Smith

Outline:

Introduction：

· Adam Smith’s basic life background and his economic views.

body paragraph 1:The development of economics in one particular country over a period of time.

· British development and free trade（1760-1800）

body paragraph 2:Some combination of the two-an economist and a school of thought

· Bian Adam Smith and David Ricardo.

· Contrast Free trade and cost theory

body paragraph 3: How a topic has been discussed and analyzed by economists.

· The core of the free trade theory is that free trade allows both parties to trade to obtain trade benefits. It is derived from the near-perfect empirical analysis and logical inference of trade reasons.

· Theoretical point

· Evolution and development

My opinion：

Conclusion：