Adam Smith, a Scottish economist, established the proposition that individuals should not pursue their own self-interest.

Question

Quizplus · Accepted Answer

This statement is false. Adam Smith is known for advocating for individuals to pursue their own self-interest, through the concept of the "invisible hand" in his book "The Wealth of Nations". He believed that this pursuit led to overall benefit for society, as competition and market forces would allocate resources in the most efficient way.

Adam Smith, a Scottish Economist, Established the Proposition That Individuals