Adam Smith, the premier philosopher of capitalism, argued that the legal system,
not the free market, is the best means for minimizing harmful conduct by
businesses.

Question

Quizplus · Accepted Answer

Adam Smith, known as the father of modern economics, argued that the free market, guided by the "invisible hand" of supply and demand, is the most efficient means of allocating resources, rather than relying primarily on the legal system to minimize harmful conduct by businesses.

Adam Smith, the Premier Philosopher of Capitalism, Argued That the Legal