Adam Smith

Adam Smith,

Definition of Adam Smith:

  1. Considered to be the father of economic theory and author of several books on free markets and economics.

  2. (1723–90), Scottish economist and philosopher. Often regarded as the founder of modern economics, he advocated minimal state interference in economic matters and discredited mercantilism. Notable works: Inquiry into the Nature and Causes of the Wealth of Nations (1776).

Meaning of Adam Smith & Adam Smith Definition