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Adam Smith and Capitalist Philosophy
Adam Smith was the first major capitalist philosopher to praise free market economy and no government involvement in the economy. Smith was an 18th century philosopher whose beliefs led to some of our modern day theories; his work marks the breakthrough of an approach which has progressively displaced the stationary Aristotelian view. His most famous book is An Inquiry into the Nature and Causes of the Wealth of Nations, which was written in 1776.
Adam Smith was born in Kirkcaldy, Scotland, though his exact birth date is not known, but what is known is that he was baptized on June 5, 1723. At the age of seventeen, Adam Smith was sent off to Oxford on scholarship. At Oxford, Smith discovered the works of David Hume, who Smith became very interested by. After graduating, Smith joined in on "the brilliant circle in Edinburgh which included David Hume, John Home, Hugh Blair, Lord Hailes and Principal Robertson" (Chambers Biographical......

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