Adam Smith
Adam Smith was a Scottish social philosopher and a political economist. Smith attended the University of Glasgow at just the age of 14. He later transferred to Balliol College in Oxford, England. He was a system builder and his theory of knowledge supported his entire work, and understanding his systematic approach can help current business succeed and grow.
Adam Smith's basic philosophy was the philosophy of capitalism. Meaning, he felt that the government should not interfere in the marketplace. He believed the most efficient market would be a market that was left to itself. A market without government control would be more efficient in creating the things that people wanted at the lowest possible price. Smith believed
Adam Smith was a Scottish social philosopher and a political economist. Smith attended the University of Glasgow at just the age of 14. He later transferred to Balliol College in Oxford, England. He was a system builder and his theory of knowledge supported his entire work, and understanding his systematic approach can help current business succeed and grow.
Adam Smith's basic philosophy was the philosophy of capitalism. Meaning, he felt that the government should not interfere in the marketplace. He believed the most efficient market would be a market that was left to itself. A market without government control would be more efficient in creating the things that people wanted at the lowest possible price. Smith believed