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A Historical Perspective

In: The Intent of Business

Author

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  • Gregory Gull

Abstract

Adam Smith’s theory of political economy, which is the foundation of our current system of economics, was influenced by those who preceded him and by the spirit of the times within which he lived. In fact, in formulating his economic system, Smith essentially synthesized the theories of such people as Sir Francis Bacon, Rene Descartes, Sir Isaac Newton, and John Locke. Toward developing an understanding of the assumptions upon which Smith’s theory rests, we will begin our discussion with the ideas and theories of Sir Francis Bacon.

Suggested Citation

  • Gregory Gull, 2013. "A Historical Perspective," Palgrave Macmillan Books, in: The Intent of Business, chapter 1, pages 10-30, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-35208-8_2
    DOI: 10.1057/9781137352088_2
    as

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