Larissa Kresse, Sarah Cyrenne and Luay Eljamal

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Presentation transcript:

Larissa Kresse, Sarah Cyrenne and Luay Eljamal Adam Smith 1723 - 1790 Larissa Kresse, Sarah Cyrenne and Luay Eljamal

Wrote “Wealth of Nations” Scottish Philosopher Wrote “The Theory of Moral Sentiments” Divided Moral Systems NATURE OF MORALITY Propriety Prudence Benevolence MOTIVE OF MORALITY Self-love Reason Sentiment Wrote “Wealth of Nations” Argued that Free Market Economy was the way to go!

Ideology! Individualist Collectivist Believed in free market economy Believed in little to no interference from government Collectivist Believed that to some extent, individuals had an instinct to care for those around them as well. Ex. Mother and her child. His ideas lean more towards the Liberal Side (Right Wing)

Why is this guy important? He solidified capitalism/individualism through the publishing of his work: “The Wealth of Nations”. This laid out the basis of most free market economies that exist today.