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Adam Smith: Figure Of The Scottish Enlightenment

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Adam Smith
Adam Smith (1723-1790) was a figure of the Scottish Enlightenment. He criticized the government's regulation of trade/industry and instead pushed for economic liberalism. He believed in free trade competition based on the idea that the “invisible hand” will benefit all. Smith also advocated for the “division of labor,” which entails separating production into individual tasks that can be specialized. “Division of labor” helps increase the speed and efficiency of workers. Smith also argued that the government only duties are to defend against foreign invasion, maintain civil order with courts and police protection, and sponsor necessary public works and institutions. Adam Smith is a significant person because his theories on economic

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