Raymond J. de Souza: Adam Smith's profoundly moral economic philosophy

AI Briefing

• – Adam Smith's economic philosophy emphasized the 'invisible hand' of the market, where individual self-interest leads to socially beneficial outcomes.
• – His concept of the 'invisible hand' suggests that people acting in their own self-interest can lead to socially beneficial results.
• – Smith's focus on human morality and empathy helped shape modern capitalism's values.