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Classical Economist - Adam Smi
Beginning of paper
Often called the founder of modern economics, Adam Smith, born in Kirkcaldy, Scotland, June 5, 1723, was a wide-ranging social philosopher and economist whose masterwork, "An Inquiry into the Nature and Causes of the Wealth of Nations" (1776), is one of the most influential studies of Western civilization.
Smith's intellectual interests .... Middle of paper
.... however, that businessmen seeking their own interest are led "as if by an invisible hand" to promote the well-being of society.
Smith's Analysis of Economic Systems
This position is supported in the Wealth of Nations by an elaborate analysis of how economic systems function and develop over time. Smith sought to show how competition in the market- place would lead businessmen to supply the goods consumers want, to produce these goods e ....
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Number of words: 933
Number of pages: 4 (approx. 250 words per double-spaced page)
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