Partial Notes of the book ‘The wealth of nations’ by Adam Smith

Introduction Restrictions on imports, supported by merchants and manufacturers in some industries, work to the advantage of those industries but not to the general good of society. Many liberals and conservatives economists have interpreted smith’s reference to the invisible hand broadly, as indicating his commitment to the idea that individuals exchange in the marketplace inexorably…

The conundrum of Economic Growth versus Economic Development

India is one of the fastest growing economies in the World today. It is growing at the rate of almost 7%, even surpassing major developing economy China. Recently, India has also jumped up on the Global Competitive Index by 16 ranking 39. Also, India’s ranking moved up 12 spots in the Doing Business Index released in October…