Who gave the idea of capitalism?

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2026-03-05 18:15

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The idea of capitalism is most closely associated with the Scottish economist Adam Smith, particularly through his seminal work "The Wealth of Nations," published in 1776. Smith advocated for free markets, competition, and the idea that individuals pursuing their own self-interest could lead to economic prosperity for society as a whole. However, the development of capitalist principles evolved over centuries and was influenced by various thinkers and historical contexts, including earlier mercantilist ideas and the Industrial Revolution.

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