What is another word for Adam Smith?

Pronunciation: [ˈadəm smˈɪθ] (IPA)

Adam Smith is widely regarded as the Father of Economics due to his immense contributions to the field of economics. Synonyms for Adam Smith include Scottish philosopher, political economist, and social philosopher. He is also called the author of The Wealth of Nations, which is a masterpiece of economic literature that still holds relevance in modern times. Additionally, he is referred to as a pioneer of free-market capitalism or market economy and laissez-faire economic theory. His ideas have sparked academic debates and influenced economic policies around the world. Smith's legacy continues to inspire academics, policymakers, and economists to this day.

What are the hypernyms for Adam smith?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Adam smith

  • Modern sociology is virtually an attempt to take up the larger program of social analysis and interpretation which was implicit in Adam Smith's moral philosophy, but which was suppressed for a century by prevailing interest in the technique of the production of wealth.
    Albion W. Small
  • One recent history of economic thought (Jürg Niehans’s A History of Economic Theory) devotes twenty-four pages to Samuelson’s ideas. Adam Smith only gets thirteen. Samuelson’s work on stock markets and the random walk takes up less than two of those twenty-four pages. He was “the last generalist in economics,” as he liked to say, and for him financial market studies were just a side project that he at times seemed deeply ambivalent about. His intervention was, however, crucial to the triumph of the random walk. Here was one of the most important economists of all time, and he didn’t think the relationship between coin flips and the stock market was a dinner-speech triviality.
    Justin Fox
  • As Adam Smith once said, "There is much ruin in a nation". Our basic structure of values and the interwoven network of free institutions will withstand much. I believe that we shall be able to preserve and extend freedom despite the size of the military programs and despite the economic powers already concentrated in Washington. But we shall be able to do so only if we awake to the threat that we face, only if we persuade our fellowmen that free institutions offer a surer, if perhaps at times a slower, route to the ends they seek than the coercive power of the state. The glimmerings of change that are already apparent in the intellectual climate are a hopeful augury.
    Milton Friedman
  • [S]cientists are not robotic inducing machines that infer structures of explanation only from regularities observed in natural phenomena (assuming, as I doubt, that such a style of reasoning could ever achieve success in principle). Scientists are human beings, immersed in culture, and struggling with all the curious tools of inference that mind permits […]. Culture can potentiate as well as constrain—as Darwin's translation of Adam Smith's laissez-faire economic models into biology as the theory of natural selection. In any case, objective minds do not exist outside culture, so we must make the best of our ineluctable embedding.
    Stephen Jay Gould
  • We owe nothing in our origins from Adam Smith, Ricardo, Pareto, Proudhon, Bakunin, Karl Marx, Lenin, or any of the rest of the political philosophies. We do owe a debt to J. Willard Gibbs, Nikola Tesla, Steinmetz, Mac and John Rusk, and a thousand other American chemists, engineers, scientists, and technologists.
    Howard Scott

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