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ADAM Smith, a scottish philosopher and economist. He provided the philosophy for capitalism in his book The Wealth of Nations.Answer on page 27 in United States Government: democracy in action textbook
capitalism
There was more than one man who envisioned and discussed an economy called capitalism.Several names that stand out are Thomas Hobbes and Max Weber as providing a philosophy for capitalism. Adam Smith, a Scottish philosopher and economist, espoused another philosophy for capitalism in his book The Wealth of Nations...Regardless of how the capitalism economy finally became the primary economical and entrepreneurial system of the United States of America, it proved to be the most valuable economic experiment ever formulated and practiced in any country, and was extremely key and pivotal in the development and continued growth of all aspects of the USA.
capitalism
Marx
The study of man and its philosophy in life is the philosophy of man. It is subdivided into several branches that include ethics.
Laissez-Faire Capitalism
In no way imaginable. Marxism is a political and economic philosophy that seeks to understand society and how to change it, it has an appreciation for the historically progressive role that capitalism has played in the past but Marxism sees capitalism as being just another exploitative system in the long rum that will one day collapse and will need to be replaced with socialism.
Adam Smith, a Scottish economist, provided the philosophy for capitalism. His most well-known work is The Wealth of Nations, published in 1776.
It is not.
Man created philosophy, hence it's flawed.
Adam Smith is known as the "father of capitalism" for his influential work in economics, particularly through his book "The Wealth of Nations." Smith's philosophy emphasized the importance of economic self-interest, free markets, and the division of labor in driving economic growth and prosperity.