adam smith Antonyms
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Meaning of adam smith
adam smith (n)
Scottish economist who advocated private enterprise and free trade (1723-1790)
adam smith Sentence Examples
- Adam Smith, often hailed as the father of economics, laid the groundwork for classical economic theory in his seminal work, "The Wealth of Nations."
- In "The Wealth of Nations," Adam Smith emphasized the role of self-interest and competition in driving economic prosperity.
- Modern capitalism has its roots in the ideas of Adam Smith, who argued that individuals pursuing their self-interest unintentionally contribute to the overall welfare of society.
- Adam Smith's concept of the invisible hand posits that market forces, if left unhindered, can lead to the most efficient allocation of resources.
- The Scottish philosopher and economist Adam Smith was born in 1723 and lived during the Enlightenment era.
- Adam Smith's ideas on free markets and limited government intervention have influenced economic policies around the world.
- The concept of the division of labor, a cornerstone of economic efficiency, was extensively discussed by Adam Smith in his works.
- Adam Smith's intellectual contributions extend beyond economics; he also explored moral philosophy in his earlier work, "The Theory of Moral Sentiments."
- Universities and scholars continue to study and analyze the enduring impact of Adam Smith's writings on economic thought.
- Adam Smith's legacy is celebrated through the Adam Smith Institute, an influential think tank promoting free-market policies and individual liberty.
FAQs About the word adam smith
Scottish economist who advocated private enterprise and free trade (1723-1790)
No synonyms found.
No antonyms found.
Adam Smith, often hailed as the father of economics, laid the groundwork for classical economic theory in his seminal work, "The Wealth of Nations."
In "The Wealth of Nations," Adam Smith emphasized the role of self-interest and competition in driving economic prosperity.
Modern capitalism has its roots in the ideas of Adam Smith, who argued that individuals pursuing their self-interest unintentionally contribute to the overall welfare of society.
Adam Smith's concept of the invisible hand posits that market forces, if left unhindered, can lead to the most efficient allocation of resources.
