Exercise on Page 100
Adam Smith, the founder of Modern Economics, proposed a theory in the eighteen century that has made him controversial ever since. Smith was born in Scottland and educated in England, wrote the first study of political economy. The wealth of nations was published in the same year that Americans declared the independence from England, in 1776. Smith’s book pointed out the interdependence of freedom and order, economic processes, and free trade laws. Although his thinking did not really affect economic policies, its influence in the next century was considerable. “The invisible hand” and “Laissez-faire” are synonymous with Smith’s name. Business people will smile and make a response like “ He was a good man- really understood how business works” if you say “Adam Smith” the opposite will happen if you say his name to liberal reformers, they will say “ He was an evil man really sold the average citizen down to the river”. Both reactions are extreme but they responses indicate how controversial Smith’s ideas are now.
I don't get it. Weren't you supposed to reduce each sentence using an strategy?
ResponderEliminarDear Andrea,
ResponderEliminarWhere is the reduction?