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References to Africa in Adam Smith's Wealth of Nations and Some Key Propositions Surrounding Them

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  • Amavilah, Voxi Heinrich

Abstract

Adam Smith sought to illustrate some of his propositions in The Wealth of Nations (WON) with examples from Africa. However, the examples were few, and many were neither profound nor instructive from a principles viewpoint. I find that Africa figures very little in the WON, and nearly every time it appears cursory. With 20/20 hindsight, one may conclude that opinions about Africa have remained invariant with respect to time. Final value-judgment about whether that is a good or bad thing rests with the reader.

Suggested Citation

  • Amavilah, Voxi Heinrich, 2010. "References to Africa in Adam Smith's Wealth of Nations and Some Key Propositions Surrounding Them," MPRA Paper 22923, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:22923
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    File URL: https://mpra.ub.uni-muenchen.de/22923/1/MPRA_paper_22923.pdf
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    References listed on IDEAS

    as
    1. Romer, Paul, 1993. "Idea gaps and object gaps in economic development," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 543-573, December.
    2. Voxi Heinrich Amavilah, 2005. "Resource Intra-Actions And Inter-Actions: Implications For Technological Change And Economic Growth," GE, Growth, Math methods 0508004, EconWPA.
    3. Paul M. Romer, 2010. "Which Parts of Globalization Matter for Catch-up Growth?," NBER Working Papers 15755, National Bureau of Economic Research, Inc.
    4. Herbert A. Simon, 1996. "The Sciences of the Artificial, 3rd Edition," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262691914, January.
    5. Burton G. Malkiel, 2005. "Reflections on the Efficient Market Hypothesis: 30 Years Later," The Financial Review, Eastern Finance Association, vol. 40(1), pages 1-9, February.
    6. Burton G. Malkiel, 2003. "The Efficient Market Hypothesis and Its Critics," Journal of Economic Perspectives, American Economic Association, vol. 17(1), pages 59-82, Winter.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Africa in Wealth of Nations; Adam Smith;

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • F10 - International Economics - - Trade - - - General
    • N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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