Tag Archives: Adam Smith

What two things are required for the free market to operate efficiently, according to Adam Smith?

Adam smith Questions like: Who is Adam Smith? Why did Smith think that “rational self-interest” was good for the economy? What role did Smith believe the government should play in the economy? How are Smith’s ideas about economics similar to the Founders’ ideas about government? What two things are required for the free market to […]

How does Smith’s completely new description/understanding of a country’s wealth change the approach to trade?

1. How does Adam Smith “subvert” the contemporary distinctions between the right and left? 2. How would you characterize the tone, priorities, and methods of the Scottish Enlightenment? 3. What is the function of approbation in Smith’s ideas on morality? 4. Explain the importance of “social evolution” and the “man of system.” 5. How does […]