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Adam Smith, often regarded as the father of modern economics, might view gambling as a complex activity that reflects both individual choice and market dynamics. He could argue that gambling represents voluntary transactions that can illustrate the principles of supply and demand, as well as the risks associated with human behavior. However, Smith might also express concern about the moral implications and potential societal costs of gambling, particularly if it leads to negative outcomes for individuals and families. Ultimately, he would likely acknowledge the dual nature of gambling as both an expression of personal freedom and a potential source of social issues.
What else can I help you with?
What do you think Adam Smith would think of rationing?
he would disapprove of it considering that he stongly disapproved of regulationof commerce and trade
What was Adam Smith?
About 20/40 I think.
This man's economic theory was first proposed during the American Revolution?
Adam Smith published "The Wealth of Nations" in 1776. It described a system that we would think of as "capitalism".
Do you think Adam Smith supported industrialization why or why not?
Adam Smith supported industrialization because he believed in a free economy, to guarantee economic progress.
Who is referred to as the father of economics?
John Maynard Keynes
What did Adam smith invent?
Adam Smith revolutionized economics by introducing capitalism and analyzing how it would function as a system.
What person argued that society as a whole would benefit from individuals acting in their own self-interest?
Adam smith
What has the author Lilian Adam Smith written?
Lilian Adam Smith has written: 'George Adam Smith'
Adam Smith what is he most known for?
Adam smith...........
What would be the best according to Adam smith?
a free economy
Where was Adam Smith born?
Adam Smith was born in Kirkcaldy, Scotland.
How old was Adam Smith when he died?
Adam Smith was 62 when he died
