Adam Smith (jan 1, 1723 – oct 10, 1790)

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Scottish; "Wealth of Nations"; first economist; "laissez-faire capitalism"; not completely against govt regulation; pro free trade; let individuals pursue own interest; attacks mercantilism- peep do thinks out of self interest (baker); prices should be fluctuated on just supply & demand- not what gov't say it is; philosophe; not hard-core conservative (gov't does have part); didn't trust businessmen; economics should have an economic (not military) end goal; skilled workforce and strong infrastructure determines power of country- not how much stacks of gold you have; colonization is dumb.

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