The pessimistic nature of these theories provided a foundation for criticism of capitalism by its opponents and helped perpetuate the custom of calling economics the “dismal science”. Adam Smith’s The Wealth of Nations, printed in 1776, was to offer a lot of the ideas of economics, a minimum of till the publication of John Stuart Mill’s Principles of Political Economy in 1848. Smith addressed the motivation for financial activity, the causes of prices and the distribution of wealth and the policies the state should follow to maximise wealth. Locke held that the individual had the best to observe his personal non secular beliefs and that the state shouldn’t impose a religion towards Dissenters, however there have been limitations. No tolerance should be proven for atheists, who were seen as amoral, or to Catholics, who have been seen as owing allegiance to the Pope over their very own national authorities.
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