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Adam Smith
Hardcover
Series: Major Conservative and Libertarian Thinkers, Book 16
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ISBN10: 0826429831
ISBN13: 9780826429834
Publisher: Bloomsbury Publishing PLC
Published: Jan 20 2011
Pages: 200
Weight: 0.79
Height: 0.70 Width: 5.70 Depth: 8.50
Language: English
ISBN13: 9780826429834
Publisher: Bloomsbury Publishing PLC
Published: Jan 20 2011
Pages: 200
Weight: 0.79
Height: 0.70 Width: 5.70 Depth: 8.50
Language: English
The Scottish philosopher Adam Smith (1723-1790) was as a pioneer of political economy. In fact, his economic thought became the foundation of classical economics and his key work, An Inquiry into the Nature and Causes of the Wealth of Nations, is considered to be the first modern work in economics. For Smith, a free competition environment was the best way to foster economic development that would work in accordance with natural laws. The framework he set up to explain the free market remains true to this day.
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