Adam Smith, father of modern economics
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The Theory of Moral Sentiments
Adam Smith also wrote...
The wealth of nations
Adam smith's book discussing divisiob of labor, economic freedom, and the role of self-interest
Treatise on Human Nature
David Hume wrote...
Who, what, how
Every economic systems answers these 3 questions.
Invisible Hand
Guides members of a society to trade in the most mutually beneficial way.
Sympathy
People judge whether an action is right or wrong based on this moral sentiment.
