June 13, 2019

Adam Smith, the famous 18th Century Scottish economist, was the first to recognise that improvements in agriculture is one of the founding drivers of economic growth. His theories which he outlined in The Wealth of Nations around self-interest, specialisation, trade and the invisible hand of the market, have been key to understanding the way the economic world works. This view was rejected by another notable economist Carl Marx, who was also particularly interested in agriculture.