Adam Smith felt that incentives to seek personal gain would insure the creation of wealth,but that the government must step in to make sure that this wealth was equitably distributed.

Question

Quizplus · Accepted Answer

Adam Smith believed in the concept of the "invisible hand" where the pursuit of self-interest by individuals in a free market would lead to the overall benefit of society. He did not believe the government should interfere with market forces and advocated for minimal government intervention. He did not emphasize the importance of equitable distribution of wealth.

Adam Smith Felt That Incentives to Seek Personal Gain Would