Back to Ming Dynasty with Industrial Revolution System

Chapter 103 The Wealth of Nations

"You have chosen to start the classical economics (early stage) of the 18th century as the host, and the available civilization points will be reduced by 1000. The industrial revolution system will summon talents from different time and space to help you realize the classical economics (early stage) technology of the 18th century..."

"Connecting successfully, helping you achieve classical economics (pre-) is Adam Smith of the British Empire and the students of the University of Glasgow..."

oh?It was Adam Smith who had been summoned.Familiar... wait, isn't this a very famous early economist?By the way, he seems to have a very famous book.Chu Yun was very impressed, but when he mentioned the throat, he suddenly forgot the exact name.

"As an additional reward, the system will give you a copy of the Chinese version of Adam Smith's The Wealth of Nations and The Theory of Moral Sentiments." The system prompted again.

This is all right? !Chu Yun was astonished to see that there were two more books on his desk that seemed to be the same as the Four Books and Five Classics, but they were written with the words "The Wealth of Nations" and "Theory of Moral Sentiments" in block letters with a brush.

Wealth of Nations!That's right, it's this guy.Chu Yun finally remembered.Adam Smith is an important figure like the originator of economics, similar to Galileo and Newton in physics.And the "invisible hand" proposed in "The Wealth of Nations" is as great as Newton's law of universal gravitation.Chu Yun still remembers that a former economics friend of his always mentioned the "invisible hand" to him, which was the source of Chu Yun's deep impression.

Chu Yun picked up "The Wealth of Nations" on the desk, and there was ink on it.Turning to the first page, the name of Adam Smith is impressively written, er, and the names of two translators... Pfft, this system is so lazy, it is probably a Chinese translation taken directly from hundreds of years later.While Chu Yun rolled his eyes, he couldn't help feeling kind.This book roughly talks about some ideas such as free economy and market economy that are slightly beyond this era.

"My lord, my lord..." Adam Smith and their students from the University of Glasgow who appeared quietly said to Chu Yun.

"By the way, I almost forgot about you. Haha, welcome to our Daming." Chu Yun looked at Adam Smith and his group.

Adam Smith was more than 50 years old at this time, with gray hair, the age after he wrote "The Wealth of Nations", and Adam Smith brought four students under his command.

"Mr. Adam Smith, are you a little short..." Chu Yun was surprised to see that Adam Smith had brought only four people.Look at those technologies, who are not dozens or hundreds of people.Especially the sailing battleship, which directly summoned the Victory and hundreds of people.And the great Adam Smith brought only four people... It's hard to say that Chu Yun was a little surprised.

"My lord, these are the students I have the most high hopes for. Knowledge is different from physical labor. It can be passed on from one to ten to a hundred. Even though there are only four people now, there will be forty students in one month, and four hundred in two months." Personally, there will be 4000 people in three months, do adults still think it is slow?" Adam Smith asked.

"That's what you said, then you can help our Liao army realize a comprehensive financial budget management system, and train our officials in charge of finance by the way. We are short of talents in this area." Chu Yun said.

"..." Adam Smith and his four students looked at each other.

"what happened?"

"We are theoretical economists, how to implement and implement, specific to budget management, we can't do it..."

Adam Smith and others shook their heads.

Theories... Economists... It seems that Adam Smith is going to play the role of the disseminator of economic knowledge and the spirit of market economy.As for actually managing money and keeping accounts, these uncles may really not be able to do it.

"Okay. I will set up a separate department for your school of economics in the Academy of Sciences of the Fuliao Army. How about each of you leading ten students? Usually, I will explain the principles of economics to our officials by the way." Chu Yun thought carefully It is also a good thing to let one's subordinates have the knowledge of economics.If the thinking of officials cannot keep up with the level of economic development, it may hinder economic development.

"However, your liberalism needs to be changed, and it cannot be copied and taught to our officials and students." Chu Yun said.

"But liberalism is the essence of our school, how do you plan to modify it?" Adam Smith and others asked one after another.

"First, free commodity trade and a market economy are the future development trends. However, in our Ming Dynasty, a society dominated by small-scale farmers, it is not appropriate to use too much force. We must proceed step by step. On the one hand, we must affirm agriculture, and on the other hand, we must start to promote the market economy. Second, ordinary commodity trade can be relatively free, but important industries related to the national economy and the people's livelihood, such as coal and iron, military industry, salt, higher education, and transportation, must be guided by our Liao Army. Combining these two, we will Adapt to the development trend of our Ming Dynasty." Chu Yun shared some important economic ideas of later generations with Adam Smith.

In fact, the macro-control he mentioned may have gone beyond the scope of classical economics, and also made up for the shortcomings of classical economics to a certain extent.People in this era may not know how serious the financial crisis caused by liberalism is.The financial crisis of the later generations will cause the whole world to be in turmoil and the development of the country will stagnate, and the long-term will cause the national economy to collapse, and even lead to a world war.If Chu Yun allowed Adam Smith and his school of economics not to adapt to the local national conditions and develop at will, it is very likely that the world's first financial crisis occurred in Daming... Although it will be famous in history, but...

"I don't quite agree with the idea proposed by your lord." Adam Smith said a little hesitantly. "Liberal trade can greatly increase wealth, but the control of commodities will limit economic development."

If you haven't experienced a financial crisis, of course you don't know it.Chu Yun thought to himself.

"Everyone, please consider the national conditions of Ming Dynasty. Soon we will issue a list of restricted industries. Except for these industries and some emergencies, I fully support the market economy." Chu Yun said.

"Hmm." Since Chu Yun made some concessions, Adam Smith and others who were the underdogs couldn't get serious with Chu Yun.

"If adults need financial and budgetary management talents, they may wish to start disciplines under management, especially accounting, financial management, or finance, tax law and other disciplines in applied economics." Adam Smith reminded.

After being said by Adam Smith, Chu Yun felt that it was indeed the same thing.Economists generally act as economic consultants. As for those who actually do some specific things, they still need some specialists in administration, accounting, tax law, and finance.

　There is another chapter a little later. .

　　
　
(End of this chapter)