Scottish economist Adam Smith posits that the wealth of states and of the international system is increased when

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Adam Smith's theory of the invisible hand states that individuals pursuing their own self-interest in a free market will end up benefiting the economy as a whole. This means that unfettered pursuit of rational self-interests would result in greater wealth for both individual states and the international system as a whole. Smith believed that government intervention in economic processes would only lead to inefficiencies and hinder economic growth. Therefore, allowing individuals to pursue their rational self-interests without state regulation would ultimately increase the wealth of states and the international system.

Scottish Economist Adam Smith Posits That the Wealth of States