To recap, self-interest and competition are very important economic forces. Self-interest is the motivator of economic activity. Competition is the regulator of economic activity. Together they form what Adam Smith called the invisible hand, which guides resources to their most valued use.
1. He believed the government should have a major role in economic development.
2. He publically expressed concerns about the power of the government and believed the common people shouldn’t have political power, making him not a favorite of voters.
3. He believed it shouldn’t be a popularity contest.
4. He overturned a treaty signed with Creek nation because it he believed it was made unfairly with the natives.
5. He defended the enslaved Africans in the Amistad case successfully.
