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: The idea that individuals pursuing their own self-interest unintentionally promote the good of society. The Role of Government

: Modern economists still reference Smith to support free-market capitalism, though critics often argue that he also warned against the dangers of monopolies and the need for social ethics (as explored in his other work, The Theory of Moral Sentiments ). adam smit bogatstvo narodapdf new

Erecting and maintaining certain public works and institutions that wouldn't be profitable for individuals. : The idea that individuals pursuing their own