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There is a familiar way to appeal to Adam Smith (1723-1790), the famous philosopher and great economic thinker of the Scottish Enlightenment. He is often considered as the father of modern economics and capitalism. We must also consider the frequent references to him. "What would Adam Smith...
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Adam Smith turned economic theory on its head in 1776 when he declared that the pursuit of self-interest mediated by … controversy in modern economics from Smith to today. He traces the theory of market failure from the 1840s through the 1950s and …
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