1. Libertarianism
... to safeguard those rights. Economist Adam Smith in Wealth of Nations contended that individuals act out of self-interest. Thus, as each individual is pursuing his own interests he is led, as if by an "invisible hand" to obtain the best for all. Furthermore, any interference in free commerce and laissez-faire economics by government would prove to be harmful. Smith ... of such radical ideas as natural rights and independence. Statesman, diplomat, legislature and future president Thomas Jefferson, undoubtedly influenced by Locke, Smith and Paine issued the Declaration of Independence, whi...
- Word Count: 7034
- Approx Pages: 28
- Grade Level: Undergraduate