History, asked by jhumamandol1234, 10 months ago

who introduced the theory of organized capitalism?​

Answers

Answered by aryancampionc
0

Answer:

Vladimir Lenin is the answer

Answered by mostlymeow
0

Answer:

Adam Smith invented the theory of organized capitalism.

In the mid-18th century a group of economic theorists, led by David Hume (1711–1776) and Adam Smith (1723–1790), challenged fundamental mercantilist doctrines - such as the belief that the world's wealth remained constant and that a state could only increase its wealth at the expense of another state.

It was Adam Smith who noticed that mercantilism was not a force of development and change, but a regressive system that was creating trade imbalances between nations and keeping them from advancing. His ideas for a free market opened the world to capitalism.

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