Adam Smith
By: James R. Otteson
Series: Major conservative and libertarian thinkers -- v. 16
Publisher: Continuum
Published: 2011
Place of publication: New York
Language: eng
Number of pages: 179
ISBN-13: 9780826429834
Subjects: Classical school of economics; Free enterprise
Description: "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."--Bloomsbury Publishing.
Notes: Includes bibliographical references and index.