Much of the writings of Adam Smith are in close agreement with

Name: Much of the writings of Adam Smith are in close agreement with
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Adam Smith's writings, particularly in "The Wealth of Nations," align with the first fundamental theorem of welfare economics, which states that a competitive market equilibrium leads to a Pareto optimal allocation of resources. Smith believed that by pursuing their own self-interests in a free market, individuals unintentionally promote the general welfare of society.

Much of the Writings of Adam Smith Are in Close