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For about a century, U.S. government expenditures reflected Adam Smith’s view that the state’s role should be limited to protecting citizens from aggression and supplying goods that the free market may not provide.

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For about a century, U.S. government expenditures reflected Adam Smith’s view that the state’s role should be limited to protecting citizens from aggression and supplying goods that the free market may not provide.

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Adam was born in Kirkcaldy, United Kingdom

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Adam was born in Kirkcaldy, United Kingdom

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Adam Smith was know as a Scottish Philosopher and Economist

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Adam Smith was know as a Scottish Philosopher and Economist

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who is renowned as the author of The Wealth Of Nations (1776), one of the most influential books on market economics ever written.

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Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.

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Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.

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-Adam Smith

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Born: June 16, 1723, Kirkcaldy, United Kingdom

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Born: June 16, 1723, Kirkcaldy, United Kingdom

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Died: July 17, 1790, Edinburgh, United Kingdom