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Adam Smith - Economics, Wealth, Capitalism: Smith ’s analysis of the market as a self-correcting mechanism was impressive. But his purpose was more ambitious than to demonstrate the self-adjusting properties of the system. Rather, it was to show that, under the impetus of the acquisitive drive, the annual flow of national wealth could be seen to grow steadily. Smith ’s explanation of economic growth , although not neatly assembled in one part of The Wealth of Nations, is quite clear. The ... Learn about the life and work of Adam Smith , a Scottish philosopher and economist who is considered the founder of liberal economics. Explore his views on moral philosophy, free trade, the labour theory of value, and the invisible hand of the market. Adam Smith was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. Scottish social philosopher and political economist Adam Smith wrote 'The Wealth of Nations' and achieved the first comprehensive system of political economy.
