One of his works demonstrates the concept of division of labor with a pin factory and rejected the restrictive mercantilism in favor of a laissez-faire system he claimed was guided by an "invisible hand".
One of this thinker's works was a revised edition of a series of lectures he gave that argued that the main goal of the government was to preserve justice, his Lectures on Justice, Police, Revenue and Arms. This economist measured a nation's wealth through its annual income as opposed to its accumulated goods. He criticized one economic system as merely preventing servitude rather than increasing public opulence. He posited an "inner man" serving as an "impartial spectator" to answer a problem that also interested his teacher, Francis Hutcheson. One of his works demonstrates the concept of division of labor with a pin factory and rejected the restrictive mercantilism in favor of a laissez-faire system he claimed was guided by an "invisible hand". For 10 points, name this Scottish economist who wrote The Theory of Moral Sentiments and The Wealth of Nations.
One of this thinker's works was a revised edition of a series of lectures he gave that argued that the main goal of the government was to preserve justice, his Lectures on Justice, Police, Revenue and Arms.
Adam Smith