With the development of social productivity, the capitalist production system became the main mode of production in the late fifteenth century. The matter of wealth accumulation caught the attention of mercantilist scholars at that time, and the theory of economic growth blossomed from then on. Under the influence of many predecessors and contemporary scholars, such as William Petty, Richard Cantillon, and Francois Quesnay, Adam Smith, as the representative of the school of classical economics, analyzed macroeconomic growth from the micro perspectives, such as the division of labor, exchange, the market, and so on.