Concise Dictionary of Religion | ||
SMITH, Adam (1723-1790):
Scottish moral philosopher and founder of the discipline of economics through his book The Wealth of Nations (1776) which is often seen as the textbook of CAPITALISM. Although he argued for a free market economy, Smith was highly critical of greedy businessmen and distrustful of both government indifference and the ability of capitalists to create monopolies.
Concise Dictionary of Religion | ||