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Apr 23, 2024 · Adam Smith, Scottish social philosopher and political economist who is a towering figure in the history of economic thought, best known for his book An Inquiry into the Nature and Causes of the Wealth of Nations (1776), the first comprehensive system of political economy.
He also appears as the narrator in the 2013 play The Low Road, centred on a proponent on laissez-faire economics in the late 18th century, but dealing obliquely with the financial crisis of 2007–2008 and the recession which followed; in the premiere production, he was portrayed by Bill Paterson.
- Political philosophy, ethics, economics
- Classical liberalism
Sep 30, 2023 · Adam Smith was an 18th-century Scottish economist, philosopher, and author who is considered the father of modern economics. Smith argued against mercantilism and was a major proponent of...
Adam Smith was an 18th-century economist, philosopher, and author who is considered the father of modern economics. Smith is most famous for his 1776 book, The Wealth of Nations. Smith is also known for creating the concept of gross domestic product (GDP) and for his theory of compensating wage differentials.
Dec 1, 2023 · Adam Smith (1723-1790) was a Scottish philosopher, economist, and leading Enlightenment figure. In The Wealth of Nations, he advocates free trade and limited interference in markets by governments, for which he is seen as the founder of liberal economics.
- Mark Cartwright
- What was Adam Smith famous for?Adam Smith is famous as a philosopher and economic theorist who proposed that states can create more wealth by not inhibiting trade and commerce. H...
- What is Adam Smith's theory?Adam Smith proposed a labour theory of value, where something has two values: its use value and its exchange value. The exchange value is based on...
- Did Adam Smith believe in laissez-faire economics?Adam Smith would not have wholly agreed with laissez-faire economics. He did believe in minimising state intervention in trade and commerce but not...
Jan 29, 2024 · In the 18th century, Scottish economist Adam Smith used the ideas of French Enlightenment writers to develop a thesis on how economies should work. In the 19th century, Karl Marx and...
Jun 8, 2018 · The eighteenth-century Scottish economist Adam Smith is widely acknowledged as both the father of modern economics and the apostle of free trade.
