Introduction

Colin Read

A chapter in The Rise and Fall of an Economic Empire, 2010, pp 1-2 from Palgrave Macmillan

Abstract: 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.

Keywords: Foreign Policy; Economic Power; Robust System; Business Finance; Economic Empire (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-29707-4_1

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DOI: 10.1057/9780230297074_1

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