Question

Give me a summary of Adam Smith's philosophy and beliefs.

Answer 1

Answer:

Adam Smith was among the first philosophers to declare that wealth is created through productive labor, and that self-interest motivates people to put their resources to the best use. He argued that profits flowed from capital investments, and that capital gets directed to where the most profit can be made. Smith argued against mercantilism and was a major proponent of laissez-faire economic policies.

Explanation: