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Adam Smith
Adam Smith, the Scottish economist and philosopher, was a titan of the Scottish Enlightenment and a foundational figure in the field of economics. Born in 1723, Smith's seminal work, "An Inquiry into the Nature and Causes of the Wealth of Nations," published in 1776, revolutionized economic thought and earned him the title "father of modern economics." This magnum opus introduced groundbreaking ideas such as the division of labor, absolute advantage, and the invisible hand of the market, advocating for free trade and limited government intervention. Smith's work laid the groundwork for classical economics and continues to influence economic theory and policy today. Beyond economics, Smith's "The Theory of Moral Sentiments" delves into ethical philosophy, exploring themes of empathy, justice, and human nature. His intellectual legacy is a testament to his profound impact on both economic and philosophical thought.
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