Adam Smith is regarded as the father of modern capitalism.

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Adam Smith's book, "The Wealth of Nations," is considered one of the most important works in the development of modern capitalism. In it, Smith argues for the benefits of a free market economy and the division of labor, which have become central principles of modern capitalist theory. Adam Smith's book "The Wealth of Nations" is considered as the foundation of modern capitalism, by promoting the concept of free markets, specialization, and the role of self-interest in economic decision-making.

Adam Smith Is Regarded as the Father of Modern Capitalism