Economic liberalism
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Economic liberalism is a political and economic ideology that supports a market economy based on individualism and private property in the means of production. Adam Smith is considered one of the prim
Adam Smith was an early advocate for economic liberalism.
Adam Smith
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Adam Smith was a Scottish economist and philosopher who was a pioneer in the field of political economy and key figure during the Scottish Enlightenment. Seen by many as the "father of economics", or
Economic liberalism
…liberalism is a political and economic ideology that supports a market economy based on individualism and private property in the means of production. Adam Smith is considered one of the primary initial writers on economic liberalism, and his writing is generally regarded as representing the economic expression…
Posthumous Muir portrait, c. 1800
François Quesnay, one of the leaders of the physiocratic school of thought
David Hume was a friend and contemporary of Smith's.
Portrait of Smith by John Kay, 1790