Discipline · Economics
Economics
Adam Smith · The Wealth of Nations · 1776
Economics is the discipline of resources — how value is created, measured, and compounded over time. Adam Smith's framework explains the forces beneath every market and allocation decision, from the division of labour to the accumulation of capital. This course builds the material literacy the rest of the system depends on.
In this course · 9 lessons
01The Division of Labor
02Real and Nominal Value
03The Invisible Hand
04Stock and Capital
05Accumulation of Capital
06Productive and Unproductive Labour
07Wages, Labour and Profit
08Mercantilism
09The Economics Maxims
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