Adam Smith believed that incentives to seek personal gain would create wealth, but that the government must then step in to make sure that this wealth is equitably distributed.

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Smith believed the invisible hand turned self-directed behavior into benefits for all. He felt that as society in general prospered, people would naturally help the less fortunate. He did not foresee the need for active government policies to redistribute income.

Adam Smith Believed That Incentives to Seek Personal Gain Would