Lecture on the wealth of nations by professor Yang yanlin

At 19:00 on November 18th, professor Yang yanlin from the institute of economics, school of economics and management, wuhan university paid a visit to the research institute of finance and economics again. She taught Adam Smith's the wealth of nations, part 2 to 4.

First of all, focusing on the nature, accumulation and use of capital, professor Yang taught capital classification theory, capital accumulation theory and capital utilization theory, and analyzed the effects of different types of capital on production and the impact of capital of different USES on national economic development.He then taught economic growth theory and analyzed the rules of urban development based on the different development of wealth in different countries.Finally, by analyzing the theories and policies of mercantilism and physiocracy, he sorted out the system of political economy.

Professor Yang encourages students to think for themselves and explore the wealth of nations.After the two lectures, many students joined the group to read the classics of economics and discussed with each other after class.