Adam Smith's writings did not address the moral elements of capitalism.

Question

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Adam Smith's writings emphasized not just the economic benefits of capitalism, but also its moral dimensions. He argued that self-interest was not inherently selfish, but could lead to positive outcomes for society as a whole through the "invisible hand" of the market. He also stressed the importance of treating people fairly and with compassion, and criticized practices such as monopolies, which he believed undermined the competitive spirit of capitalism.

Adam Smith's Writings Did Not Address the Moral Elements of Capitalism