What did Adam Smith argue in The Wealth of Nations?
A) Regulation of trade was the cornerstone of government.
B) The "invisible hand" of the free market directed economic life more effectively and fairly than governmental intervention.
C) Sacrificing for the public good was necessary for a thriving economy.
D) Unregulated economic freedom would lead to the destruction of social harmony.
E) A free market would concentrate wealth in the hands of very few elites.

Question

Quizplus · Accepted Answer

Adam Smith argued in The Wealth of Nations that the "invisible hand" of the free market directed economic life more effectively and fairly than governmental intervention, promoting the idea that individual self-interest in a free market would lead to economic prosperity.

What Did Adam Smith Argue in the Wealth of Nations