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It is saying that with the number of possibilities economists have forecasted a lot of things with not many of them happening. The quote is also saying there is more to the job that guessing what could happen and that a timetable to all of this is needed.
Adam Smith (1723-1790)
Adam smith was born in Scotland in 1723; he showed promise as a young student and entered university on a scholarship.
He taught at universities and because a professor at the age of 28, until 1763.
Between 1764 and 1766 Adam Smith became a private tutor to a duke, this made him financially secure for life.
Adam smith then wrote the book, which was considered very influential: The wealth of nations...
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Common topics in this essay:
- Forcasting economic events and econimists
- Meno - Virtue
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- Socrates views on virtue and happiness
- Virtue Ethics
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