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Definition of Smith, Adam in English: Smith, Adamproper nounsmɪθsmiTH (1723–90), Scottish economist and philosopher. Often regarded as the founder of modern economics, he advocated minimal state interference in economic matters and discredited mercantilism. Notable works: Inquiry into the Nature and Causes of the Wealth of Nations (1776).
Definition of Smith, Adam in US English: Smith, Adamproper nounsmiTH (1723–90), Scottish economist and philosopher. Often regarded as the founder of modern economics, he advocated minimal state interference in economic matters and discredited mercantilism. His works include Inquiry into the Nature and Causes of the Wealth of Nations (1776).
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