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FROM SMITH TO KEYNES AND BACK The birth of economics as a discipline is usually credited to Adam Smith,who published “The Wealth of Nations”in 1776. Over the next 160 years an extensive body of economic theory was de-veloped, whose central message was:
FROM SMITH TO KEYNES AND BACK The birth of economics as a discipline is usually credited to Adam Smith, who published “” The Wealth of Nations "in 1776. Over the next 160 years an extensive body of economic theory was de-veloped, whose central message was: