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Which ideology did Adam Smith favor?
Adam Smith favored the ideology of classical liberalism, particularly advocating for free markets, limited government intervention, and the idea of self-interest leading to the common good. His book "The Wealth of Nations" is considered a foundational text for the principles of modern capitalism.
What man provided a philosophy for capatalism?
Adam Smith is known as the "father of capitalism" for his influential work in economics, particularly through his book "The Wealth of Nations." Smith's philosophy emphasized the importance of economic self-interest, free markets, and the division of labor in driving economic growth and prosperity.
What two books did Adam Smith write?
Adam Smith wrote "The Theory of Moral Sentiments", and "An Inquiry Into The Nature and Causes Of The Wealth Of Nations". Excuse me if there are more I haven't yet mentioned.
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
Why is Adam smith called the father or capitalism?
Adam Smith is called the father of Economics becasue he was one of the first people during his time to theorize economic theory
People known as the father of capitalism?
Adam Smith, and sometimes John Locke.
The free-market system of capitalism was defended in the book The Wealth of Nations by whom?
Adam Smith wrote the book called the wealth of nations
What was Adam smith not known for?
Capitalism
Who was for capitalism?
capitalism was expressed in Adam Smith's Wealth of Nations (1776)
Laissez-faire capitalism as attributed to Adam Smith called for?
Minimal government involvement in the economy
Who is called 'the father of Economics'?
Adam Smith is known as 'the father of Economics'.
In 1776 Adam Smith developed which theory?
Adam Smith developed the theory of classical capitalism.
Who provided central idea of capitalism?
Adam Smith
Who was responsible for the rise and triumph of capitalism?
Adam Smith
What is classical capitalism?
Classical capitalism is defined by the book "The Wealth Of Nations" by Adam Smith.
Who is the father of economic?
Father of Economics is Adam Smith
