Which of the following statements is true of Smith's doctrine of natural liberty?
A)It states that the self-interest of human beings is the government's providence.
B)It states that people should be allowed to pursue what is in their economic self-interest.
C)An individual's inner character is the focus of this ethical concept.
D)The character of an act is the focus of this ethical concept.

Question

Quizplus · Accepted Answer

Smith's doctrine of natural liberty advocates for the freedom of individuals to pursue their own economic self-interest, under the belief that this would lead to the most beneficial outcomes for society as a whole. This concept is central to his economic theories, particularly as outlined in "The Wealth of Nations."

Which of the Following Statements Is True of Smith's Doctrine