Summary
The book, “Adam Smith in Beijing,” was written by Giovanni Arrighi. In his work, Giovanni portrays how China has extraordinarily risen over the years hence inviting the reassessment of the concept of “The Wealth of Nations”. In the eighteenth century, Adam Smith made predictions that eventually there would be equalization of power existing between the West and the territories conquered by the West. The book vividly explains the growth of capitalism from the days of Iberian Peninsula, Genoa, Venice, the Dutch Empire, the Spanish empire to today’s United States. Thus, the book provides a detailed explanation of the interconnections ...