The modern concept of socialism can trace its roots directly to Adam Smith's The Wealth of Nations.

Question

Quizplus · Accepted Answer

The modern concept of socialism does not trace its roots directly to Adam Smith's The Wealth of Nations, which advocated for capitalism and free markets. Socialism emerged as a response to the negative consequences of capitalism during the Industrial Revolution in the 19th century, largely influenced by the works of Karl Marx and Friedrich Engels.

The Modern Concept of Socialism Can Trace Its Roots Directly