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Adam Smith

Founder of Modern Economics

Adam Smith (1723-1790) was a very influential economic and moral philosopher. His book, The Wealth of Nations, laid the foundation for modern economics.

Experts Most Alike:

Kevin Rudd   Australian Prime Minister, 2007- 100% Agreement / 1
Malcolm Turnbull   Leader of Australian Liberal Party 100% Agreement / 1

Experts Least Alike:

Karl Marx   Father of Communism 0% Agreement / 2
Michael Moore   Documentarian 0% Agreement / 1

Adam Smith's Opinions

Agree
By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain. ... By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.
01 Jan 1776    Source


Agree
Every system which [rewards an] industry a greater share of the capital of the society than what would naturally go to it, or [forces an] industry some share of the capital which would otherwise be employed in it, is in reality subversive of the great purpose which it means to promote. It retards, instead of accelerating, the progress of the society towards real wealth and greatness; and diminishes, instead of increasing, the real value of the annual produce of its land and labour.
01 Jan 1776    Source


Comparisons to Other Experts

Agree
Kevin Rudd
Australian Prime Minister, 2007-
100% / 1 opinions

Malcolm Turnbull
Leader of Australian Liberal Party
100% / 1 opinions

Milton Friedman
Iconic Economist of 20th Century
100% / 1 opinions

The Economist
Politics and Business Magazine
100% / 1 opinions

Barack Obama
United States President
100% / 1 opinions

Hillary Clinton
US Secretary of State 2009-, Democrat
100% / 1 opinions

John McCain
U.S. Senator, Republican
100% / 1 opinions

Mostly Agree
Sigmund Freud
Famous Psychologist
75% / 1 opinions

In-Between
Mostly Disagree
Disagree
Peter Joseph
Movie Producer
0% / 2 opinions

Karl Marx
Father of Communism
0% / 2 opinions

Michael Moore
Documentarian
0% / 1 opinions

Osama Bin Laden
Leader of Al Qaeda
0% / 1 opinions

Ralph Nader
Politician, Consumer Activist
0% / 1 opinions