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While Smith advocated for "laissez-faire" (hands-off) economics, he wasn't an anarchist. He believed the government must provide defense, justice, and public works like roads and education. Where to Find the Full Text PDF

One of the most famous metaphors in history, it explains how individuals pursuing their own self-interest unintentionally benefit society by creating goods and services others want to buy. adam smit bogatstvo naroda pdf full

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At the time, "mercantilism" (the idea that wealth is a fixed pie and nations must hoard gold) was the norm. Smith argued for free trade, asserting that both parties benefit from an exchange. adam smit bogatstvo naroda pdf full