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Economic philosophers and writers who favored open markets with minimal government intervention include the Classical economists of the 18th and 19th centuries, such as Adam Smith, who advocated for the "invisible hand" of the market. Later, the Austrian School, including figures like Friedrich Hayek and Ludwig von Mises in the 20th century, emphasized individual choice and free-market principles. Additionally, libertarian thinkers such as Milton Friedman supported limited government roles in economic affairs, promoting the idea that free markets lead to greater prosperity and efficiency.

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