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Introduction

In: The Rise and Fall of an Economic Empire

Author

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  • Colin Read

Abstract

The year 1776 was one of profound innovations: Adam Smith published The Wealth of Nations, a book that remains the definitive treatise on the workings of markets; the United States declared independence from Britain on the decidedly economic premise of life, liberty, and the pursuit of happiness; and British parliamentarian Edward Gibbons published his first volume of The Decline and Fall of the Roman Empire. These three events documented the advantages of a new system of economics, the creation of a nation based on economic premises, and the reasons why a mighty and robust system can come to an end. The year also marked the beginning of an empire that now finds itself struggling to maintain its relevancy and its once-assumed dominant global economic position.

Suggested Citation

  • Colin Read, 2010. "Introduction," Palgrave Macmillan Books, in: The Rise and Fall of an Economic Empire, edition 0, pages 1-2, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-29707-4_1
    DOI: 10.1057/9780230297074_1
    as

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