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Do you think Adam Smith supported industrialization why or why not?

Paolalugo17 ∙

Lvl 1

∙ 11y ago

Updated: 4/28/2022

Adam Smith supported industrialization because he believed in a free economy, to guarantee economic progress.

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∙ 11y ago

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Who supported laissez faire?

Adam Smith

How did Adam Smith and other philosophers of industrialization view natural laws?

Adam Smith and other philosophers of industrialization viewed natural laws as the foundation for free trade and economy ("laissez faire economics").

Neoclassical economists supported Adam Smith's theory of?

laissez-faire

Who was the laissez-fair economist supported by early 1800 liberals?

Adam Smith

Who is referred to as the father of economics?

John Maynard Keynes

Related Questions

Did Adam smith support industrialization?

yes

Why did Adam smith support the industrialization?

Adam Smith supported industrialization because he believed it enhanced productivity and economic growth through the division of labor, which increased efficiency and innovation. He argued that a free market, driven by competition and self-interest, would lead to the best allocation of resources and improve overall living standards. Smith viewed industrialization as a means to create wealth and improve societal welfare, ultimately benefiting society as a whole.

Who supported laissez faire?

Adam Smith

How did Adam Smith and other philosophers of industrialization view natural laws?

Adam Smith and other philosophers of industrialization viewed natural laws as the foundation for free trade and economy ("laissez faire economics").

Neoclassical economists supported Adam Smith's theory of?

laissez-faire

Who was the laissez-fair economist supported by early 1800 liberals?

Adam Smith

What did Adam Smith support?

Adam Smith supported free markets and the idea of laissez-faire economics. He believed that individuals pursuing their own self-interest would lead to the overall prosperity of society. Smith argued against government intervention and advocated for limited regulation and taxation.

What was Adam Smith?

About 20/40 I think.

Who is referred to as the father of economics?

John Maynard Keynes

What has the author Lilian Adam Smith written?

Lilian Adam Smith has written: 'George Adam Smith'

Adam Smith what is he most known for?

Adam smith...........

Where was Adam Smith born?

Adam Smith was born in Kirkcaldy, Scotland.

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