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Smith, Adam (economist)
contributions to field of economics
from The Wealth of Nations, by Adam Smith
Free-Market Economy
Individualism
arguments against slavery
as first economist of classical school
as first modern economist
brief summary of Wealth of Nations
definition of good and evil
development of theory of capital
economic views
friendship with Benjamin Franklin
influence of Smith’s views
influence on Henry Charles Carey
mathematical proof of equilibrium theory
opposition to capital punishment
picture of Adam Smith
quotations
Capital (financial)
Capital (financial), collective term for a body of goods and monies from which future income can be derived. Generally, consumer goods and monies...
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