when was it published?
In 1776.
Free trade
The value of free trade was first observed and documented in 1776 by Adam Smith in "The Wealth of Nations", writing:
who is elias abraham rosenberg? An adviser and friend of King Kalākaua. which kingdom did the latter reign? The Kingdom of Hawaiʻi. was he into politics? Yes, before coronation he was a member of the Privy Council of State and a member of the House of Nobles. what was his role in promoting education? He started the Education of Hawaiian Youths Abroad  program. what was the program about? It was a government -funded educational program in which Hawaiian students were selected for enrollment in a university or apprenticeship to a trade, outside the Kingdom of Hawaii. can you tell me something about the treaty that got extended? It was a free trade agreement between the Hawaiian kingdom and the United States of America. were there any specific product that come under this treaty? yes, sugar and other products. what were the economist opinions regarding the trade without cost?? Free trade provides a net gain for society. are there any works of literature in which it is discussed? Yes, it was first documented in the book "The Wealth of Nations". who wrote it? Adam Smith.
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Free trade [SEP] In literature
The value of free trade was first observed and documented in 1776 by Adam Smith in "The Wealth of Nations", writing: This statement uses the concept of absolute advantage to present an argument in opposition to mercantilism, the dominant view surrounding trade at the time which held that a country should aim to export more than it imports and thus amass wealth. Instead, Smith argues, countries could gain from each producing exclusively the goods in which they are most suited to, trading between each other as required for the purposes of consumption. In this vein, it is not the value of exports relative to that of imports that is important, but the value of the goods produced by a nation.