The major impact of economic ideas that emerged from the Enlightenment was the shift towards capitalism and free-market principles, emphasizing individual liberty and rational self-interest. Thinkers like Adam Smith advocated for minimal government intervention in trade, which laid the groundwork for modern economic theories and practices. This period also fostered the belief in progress and innovation, leading to industrialization and significant changes in social and economic structures. Overall, Enlightenment economic ideas contributed to the development of modern economies and the promotion of personal entrepreneurship.
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