Adam Smith is called the father of capitalism because of his book 'Wealth of Nations'. In this book, he described laissez faire economics.
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.
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.
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.
Adam Smith was born in Kirkcaldy, Scotland.
Adam Smith was 62 when he died
Adam Smith is called the father of Economics becasue he was one of the first people during his time to theorize economic theory
Adam Smith, and sometimes John Locke.
Adam Smith wrote the book called the wealth of nations
Capitalism
capitalism was expressed in Adam Smith's Wealth of Nations (1776)
Minimal government involvement in the economy
Adam Smith is known as 'the father of Economics'.
Adam Smith developed the theory of classical capitalism.
Adam Smith
Adam Smith
Classical capitalism is defined by the book "The Wealth Of Nations" by Adam Smith.
Father of Economics is Adam Smith