1 / 3

Adam Smith

Adam Smith. Economic Philosopher. argued that self-interest motivates economic activity “Father of Economics.” He also can be considered the father of capitalism.

ryder
Download Presentation

Adam Smith

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Adam Smith Economic Philosopher

  2. argued that self-interest motivates economic activity • “Father of Economics.” • He also can be considered the father of capitalism. • In his book Wealth of Nations Smith advocated more individual freedom, more economic freedom, freer trade, and less government control. • Laissez-Faire idea. • Smith wanted limited government—a government that would protect people from violence, injustice, and oppression, and also erect and maintain public works. Adam Smith

  3. Greed is Good • “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.” • Gekko argues that greed is good, greed is right, and greed is responsible for the upward march of humankind. Greed is good for business and for the United States. • “Is self-interest the same thing as greed? Was Gordon Gekko right?” Adam Smith

More Related