ADAM SMITH
by Vanesa Rajčević
1. Scottish economist and ethicist in 18th century
2. He advocated liberalism. he is the most famous representative of English classical political economy.
3. His ideas for a free market opened the world to capitalism.
4. https://www.brainyquote.com/lists/authors/top-10-adam-smith-quotes
5. A fundamental Smith idea is a critique of mercantilism.
6. In his work The Wealth of Nations, published in 1776, he introduced new ideas that emphasized the natural freedom of individuals.
7. He explained that the best economic benefit for all can usually be accomplished when individuals act in their self-interest.
