Economics 11 Prof Woolf. Adam Smith: 1723-1790 An Inquiry into the Nature and Causes of the Wealth of Nations: 1776.

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Presentation transcript:

Economics 11 Prof Woolf

Adam Smith: An Inquiry into the Nature and Causes of the Wealth of Nations: 1776

Harvesting Wheat 1500 Peter Breughel the Elder, Wheat Harvest, Metropolitan Museum of Art

Harvesting Wheat 1860 Jean Millet, The Gleaners

Harvesting Wheat 2009

Rice Harvest in India 2009

A Tale of 2 Houses

Figure 1.1 World Economic History in One Picture. After 1800 income in some societies rose sharply, while in others it declined.

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