1. Prior to Adam Smith's TMS (The Theory of Moral Sentiments) and WON (The Wealth of Nations), there were attempts to make sense of the new, emerging...
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1. Prior to Adam Smith's TMS (The Theory of Moral Sentiments) and WON (The Wealth of Nations), there were attempts

to make sense of the new, emerging economic system characterized by decentralized decisions involving exchange transactions in markets. What were some of these ideas that showed up in Smith's work and why were they important when Smith was able to bring them together into a vision of the market system?

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