Adam Smith's higher vision of capitalism.

From: Journal of Economic Issues | Date: June 1, 1998| Author: Alvey, James E. | Copyright information

The 18th-century economist Adam Smith envisioned capitalism as the answer to all of man's problems. He viewed capitalism as a prosperous, modern and free-trade commercial society that would facilitate the flourishing of men. To Smith, capitalism is the appropriate foundation to build on an ideal society, a society that answers men's need for self-preservation, procreation, order, happiness and perfection of the species.

Adam Smith had a vision of capitalism that was much more elevated...

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