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2009•Journal of Beijing Electronic Science and Technology InstituteRequires access

On Adam Smith and Economic Liberalism

Chunrong Wang

Open publisher page 6 citations

Abstract

Adam Smith is pioneer of British classic political economy.In his famous work The Wealth of Nations,he demonstrated that social wealth was always driven by pursuit to self-interest,and the economic order was arranged by the so-called invisible hand of God.In respect of this,he was regarded as a strong advocate of free competition and limited government interference to economy.This kind of economic liberalism has a tremendous impact on later ages.

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Adam Smith is pioneer of British classic political economy.In his famous work The Wealth of Nations,he demonstrated that social wealth was always driven by pursuit to self-interest,and the economic order was arranged by the so-called invisible hand of God.In respect of this,he was regarded as a strong advocate of free competition and limited government interference to economy.This kind of economic liberalism has a tremendous impact on later ages.

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OpenAlex reports 6 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

Adam Smith is pioneer of British classic political economy.In his famous work The Wealth of Nations,he demonstrated that social wealth was always driven by pursuit to self-interest,and the economic order was arranged by the so-called invisible hand of God.In respect of this,he was regarded as a strong advocate of free competition and limited government interference to economy.This kind of economic liberalism has a tremendous impact on later ages.

Key concepts: Adam smith, Invisible hand, Liberalism, Economic liberalism, Competition (biology), Government (linguistics), Order (exchange), Economics

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