Adam Smith

Adam Smith

  • James R. Otteson
Publisher:Bloomsbury Publishing USAISBN 13: 9781623565930ISBN 10: 1623565936

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Adam Smith is written by James R. Otteson and published by Bloomsbury Publishing USA. It's available with International Standard Book Number or ISBN identification 1623565936 (ISBN 10) and 9781623565930 (ISBN 13).

The Scottish philosopher Adam Smith (1723-1790) was as a pioneer of political economy. In fact, his economic thought became the foundation of classical economics and his key work, An Inquiry into the Nature and Causes of the Wealth of Nations, is considered to be the first modern work in economics. For Smith, a free competition environment was the best way to foster economic development that would work in accordance with natural laws. The framework he set up to explain the free market remains true to this day.