Adam Smith is a fountainhead of modern economic thought. Smith is often regarded as the father of economics, and his writings have been enormously influential. The theory that he is most known for is his work based on "the invisible hand." Rational well-being and free-market economy rest on this principle. <Tab/>In two of his most important published works, Theory of Moral Sentiments and An inquiry into the Nature and Causes …
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showed last 75 words of 2443 total
…Equilibrium in the History of Science. USA: MIT Press, 1990 Muller, Jerry. Adam Smith in His Time and Ours. New York: The Free Press, 1993 Smith, Adam. An Inquiry into the Nature and Causes of the Wealth of Nations. Oxford University Press, 1967a Smith, Adam. The Theory of Moral Sentiments. Oxford University Press, 1967a. Joyce, Helen. Adam Smith and the Invisible Hand. Plus Magazine. Retrieved from the World Wide Web http://plus.maths.org/issue14/features/smith