1723–1790
Adam Smith
Moral philosophy · Political economyAdam Smith showed how moral restraint, impartial law, and voluntary exchange can coordinate human action without central command.
Smith understood commercial society as more than a mechanism for producing wealth. Its institutions depend on sympathy, justice, trust, and habits of self-command.
By limiting coercive power and protecting voluntary cooperation, his work supplies a central argument for free societies: prosperity and freedom grow where law protects choice rather than directing outcomes.
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