Adam Smith Economic Philosopher

Adam Smith argued that self-interest motivates economic activity “Father of Economics.” He also can be considered the father of capitalism. In his book Wealth of Nations Smith advocated more individual freedom, more economic freedom, freer trade, and less government control. Laissez-Faire idea. Smith wanted limited government—a government that would protect people from violence, injustice, and oppression, and also erect and maintain public works. Adam Smith

Adam Smith Greed is Good “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.” Gekko argues that greed is good, greed is right, and greed is responsible for the upward march of humankind. Greed is good for business and for the United States. “Is self-interest the same thing as greed? Was Gordon Gekko right?” Adam Smith