Adam Smith


Universally acknowledged as the father of capitalism, the eighteenth-century Scottish thinker Adam Smith (16 June 1723 - 17 July 1790) is best known for developing the concept of the 'invisible hand'. The 'hand' helped to explain how the removal of state regulation could set individuals free to specialise and pursue their own self-interest for the good of all. Unfortunately this idea was later manipulated by advocates of unfettered 'casino capitalism', while Smith's references to self-interest were caricatured as 'greed is ...

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Adam Smith
2016, Reaktion Books, London

ISBN-13: 9781780235684


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