Who is considered an economic philosopher known for writing "The Wealth of Nations"?

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The individual recognized as the economic philosopher who authored "The Wealth of Nations" is Adam Smith. His seminal work, published in 1776, laid the foundations of classical economics and is widely regarded as one of the most important texts in the field. In this book, Smith introduced concepts such as the division of labor, the invisible hand, and free-market pricing, which have had a profound impact on economic thought and policy.

Adam Smith’s insights into how self-interest and competition can lead to beneficial outcomes for society as a whole marked a significant shift from mercantilist ideas, which emphasized government intervention in economic affairs. His emphasis on individual choice and market forces has influenced economic systems around the world.

Understanding Smith's contributions is crucial for students and practitioners of economics, as his ideas continue to shape contemporary discussions on capitalism and economic behavior. The other choices, while also important figures in economic theory, are not responsible for the writing of "The Wealth of Nations."

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