Smith believed that the standard of living could be attained but only through a minimum of regulation & control by governments.
He was a strong supporter of laissez faire economics
Adam Smith
Adam Smith
Adam Smith
Smith believed that the standard of living could be attained but only through a minimum of regulation & control by governments.
Adam Smith
Adam Smith.
It was his philosophy.
laissez-faire economics
Laissez-faire
Laissez Faire economics was a statement of a "hands off" agreement between the government of citizens. Laissez Faire basically means hands off. Adam Smith was an advocate of this idea.
Laissez- faire was proposed by Adam Smith in his book The Wealth of Nations.