mention features of Adam Smith
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He was a staunch free trader and advocated the policy of Laissez-Faire in economic affairs. He opines that natural laws are superior to law of states. Statutory law or manmade law can never be perfect and beneficial for the society, that is why Smith respects nature's law because nature is just and moral.
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1. He was a staunch free trader and advocated the policy of Laissez-Faire in economic affairs.
2. He opines that natural laws are superior to law of states.
3. Statutory law or manmade law can never be perfect and beneficial for the society, that is why Smith respects nature's law because nature is just and moral.
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