Adam Smith

  1. Scottish economist who advocated private enterprise and free trade (1723-1790)
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How To Use Adam Smith In A Sentence

  • Adam Smith coined “mercantile system” (mercantilism) for the eco - nomic policy of the seventeenth and eighteenth centu - ries. PERIODIZATION IN HISTORY
  • The 18th century experienced a vogue for ‘sympathy’ or fellow-feeling, explored by Scottish Enlightenment thinkers such as David Hume and Adam Smith.
  • Even the big slap the unseen hand of Adam Smith delivered to AIG has only made the rick ricker thanks junior. Another adapter of the Rabett Simple Plan to Save the World
  • Quesnay and other physiocrats greatly influenced the views of Adam Smith and the fields of biophysical and ecological economics in the 20th century. Quesnay, François
  • I count Euripides among them, and would also include in this category Aristotle, Rousseau, Hume, and Adam Smith.
  • In microeconomics, in the course of teaching about the theory of the firm, I must lead students to an understanding that the beauty and purity of Adam Smith's paradigm of free markets simply does not apply to most situations because the very force of greed that makes capitalism such a powerful engine of innovation and efficiency is also, concomitantly, the force that ultimately wrecks the "atomistic" model of competitive forces that allow prices to form by a natural process not under the control of any one agent or group of agents. The Dark Wraith Forums
  • The man was evidently consumed by ambition, highly interested in pelf and preferment, and a natural Tory who defended the slave trade and imperialism, which Adam Smith so much deplored. Triumph at Trafalgar
  • But David Ricardo took Adam Smith's theory of absolute advantage one step further.
  • Across America, people's answers trace out the same pattern of quality of life as previously estimated, using solely nonsubjective data, in a literature from economics (so-called "compensating differentials" neoclassical theory due originally to Adam Smith). ScienceBlogs Channel : Life Science
  • He takes Adam Smith to task for conflating the division of labour in society with the division within the enterprise.
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