How did Adam Smith’s ideas influence the Enlightenment? A. They prevented governments from enacting free trade policies, weakening global economies. B. They were impractical because they gave no clear direction about the moral goals of an economy. C. They promoted the idea of a free market, which helped strengthen the global economy. D. They helped set up new businesses with the assistance of the government.
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Adam Smith was a Scottish economist and philosopher, considered one of the greatest exponents of classical economics and philosophy of economics. He is best known for his work The Wealth of Nations (1776), which is a study about the process of creation and accumulation of wealth, issues already addressed by the mercantilists and physiocrats, but without the scientific nature of Smith's work. Because of that work, which was the first complete and systematic study on the subject, Smith is known as the father of modern economics. He was Honorary Rector of the University of Glasgow.
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