Chapter 17 Documents

Samuel Smiles – Thrift

            Smiles elaborates about the Brits themselves being slaves in the past.   Evidentally, the wealthy and the privilege does not understand the moral virtue of  hard work.   Smiles’ views Adam Smith, “Wealth of Nations” differently than Adam who describes an economic system that is automatic and that free-market economy brought wealth to Britain.  Smiles discusses money and not to prevent any waste by useless spending.  He notes that a person should spend less than one earns.   Smiles emphasizes to manage one’s resources and urging people to be smart and prudent with their money.   He embraces his own ethics of hard work and duty.

            Smiles ideas do not apply now.   A state can’t make the economy  grow in a way that is fair because leaders tend to be dishonest when they start making profits.  Today, economic issues are handled differently by all governments that must work to implement an economic policy to shape their state. When Smith theories was instituted in Britain, their economies created wealth.   I believe we live more in Adam Smith’s world than Samel Smiles world.