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The Scottish philosopher and economist Adam Smith, who in 1776 wrote a landmark e book called "The Wealth of Nations," was considered in his own time as a ethical philosopher. He and his contemporaries traced the evolution of economies from prehistoric bartering methods to cash-driven and eventually credit score-pushed economies. In the course of the nineteenth century, the development of expertise and the growth of international trade created stronger ties amongst countries, a process that accelerated into the great Depression and World Battle II. After 50 years of the Chilly Battle, the late twentieth and early 21st centuries have seen a renewed globalization of economies. Economics is a department of the sciences that seeks to understand the way a inhabitants functions by finding out the best way its economic system functions.