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Adam Smith
Paperback
Series: Major Conservative and Libertarian Thinkers
EconomicsGeneral Political Science
ISBN13: 9781441190130
Publisher: Bloomsbury Publishing PLC
Published: Aug 1 2013
Pages: 200
Weight: 0.50
Height: 0.50 Width: 5.40 Depth: 8.40
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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