Adam smith biography economic theory keynesianism

Adam smith definition of economics

Today Smith's reputation rests on his explanation of how rational self-interest in a free-market economy leads to economic well-being.

adam smith biography economic theory keynesianism

Adam smith theory

A brief account of Adam Smith’s life and work from the Library of Economics and Liberty.

Definition of economics by adam smith pdf

Smith’s economic teaching revolutionized the discipline by giving it a new perspective.


Adam smith contribution to economics pdf
His works propagated Laissez-faire approaches to economics, stemming from the belief that markets are better off without government intrusion e.g.