"Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience."
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About Adam Smith
Adam Smith (1723-1790) was a Scottish economist, philosopher, and author known as the father of modern economics. His most famous work, 'The Wealth of Nations,' published in 1776, laid the foundation for classical free-market economic theory. Smith's ideas promoted the concept of individual self-interest benefiting society as a whole through the 'invisible hand' of the market. He also contributed to the fields of moral philosophy and ethics, emphasizing the importance of personal responsibility and virtue.
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