Adam Smith

-June 5, 1723- June 17, 1790
-Father of capitalism
-Believed that competition between businesses
is good
-He argued that individual self-interest will
achieve the most, the best one.
-Strongly supported the laissez-faire economics.
-Published: Wealth and Nation
- He critiqued mercantilism in the book
"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."