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Father of capitalism and the free market economy. Had the idea of the invisible hand leading the economy rather than the government.
We currently have a system with minor government interference, to provide for police, fire,etc... things the free market does not address.
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What is the most important purpose of production according to Adam Smith?
According to Adam Smith, "consumption is the sole end and purpose of all production."
Who is referred to as the father of economics?
John Maynard Keynes
What has the author Lilian Adam Smith written?
Lilian Adam Smith has written: 'George Adam Smith'
Adam Smith what is he most known for?
Adam smith...........
Where was Adam Smith born?
Adam Smith was born in Kirkcaldy, Scotland.
How old was Adam Smith when he died?
Adam Smith died at the age of 67 in 1790.
How tall is Adam C Smith?
Adam C Smith is 5' 9".
Adam Smith developed the theory of in 1776?
Adam Smith presented his theories in a book entitled "The Wealth Of Nations" which is among the most important books of economic theory ever written - possibly even the most important.
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
Adam smith's parents names are?
Adam Smith shared is father's name of Adam Smith and his mother's name was Margaret Douglas.
When did Adam smith die?
Janet Adam Smith died in 1999.
Who advocated the theory of laissez faire?
Adam Smith
