Adam Smith (1723-1790) was a Scottish economist and philosopher, considered the "father of modern economics" and capitalism, famous for The Wealth of Nations (1776), which introduced concepts like the invisible hand and division of labor, advocating for free markets but also recognizing roles for government in public works, education, and justice. He was a key figure in the Scottish Enlightenment, exploring morality, jurisprudence, and political economy, and his ideas championed self-interest be

52K views · 305 reactions | In his book "The Wealth of Nations" Adam Smith championed free trade and open markets, but it was published in 1776. Jesse Norman, author of "Adam Smith: Father of Economics" explains how his writings are still relevant to policy-makers today | The Economist | Facebook