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Adam Smith
John Maynard Keynes
The "great enemy" to Adam Smith's system was any form of a monopoly because they do not go along with the fluid motion of the market.
Adam smith...........
Adam Smith created Capitalism, the very foundation for the US. Many other countries throughout the world use some form of Capitalism. Adam Smith designed and explained how all this works in his book The Wealth of Nations.
Laissez-faire
Adam Smith said that proper role of government was not functional. He said it was a failed state.
Adam Smith
Adam Smith
Adam Smith
Adam Smith
Adam Smith believed that entrepenaurs should be allowed to practice business without government interference. (laissez-faire, The Wealth of Nations)
John Maynard Keynes
less government regulation of business
less government regulation of business
The "great enemy" to Adam Smith's system was any form of a monopoly because they do not go along with the fluid motion of the market.
The government should not interfere in business.