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Which group of people supported the freemarket ideas of Adam smith?
Wiki User
∙ 11y ago
When Adam Smith published his work "Wealth Of Nations" in 1776 it was revolutionary. Opponents of new economic ideas that Smith presented were outraged. Smith's work was the beginning of modern classical economics. He advocated economic liberalism to replace the economies of the day, namely Mercantilism.
Smith condemned unwarranted State control and monopoly and argued for competition, private enterprise, and free trade, as the best method for producing wealth and prosperity.
Smith's supporters were peoples who saw the evils of Mercantilism which was the economic system supporting Imperialism and colonialism.
His supporters were people who disliked government's control of economies.
This group included businessmen and free thinkers.
Wiki User
∙ 10y ago
Wiki User
∙ 10y agoeverybody
First answer insufficient.
Free thinkers and anti mercantilism people supported the liberalism of economic policies. Smith's ideas would produce more wealth and thus the potential to bring more prosperity at the expense of the pro colonialists who advocated government controls and high tariffs.
Wiki User
∙ 11y agoindividualists.
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