How did Adam Smith develop his economic ideas?
My method involved careful observation of human nature and social interactions. I began by understanding the fundamental propensities of man, such as self-interest, the desire for approval, and the capacity for sympathy. From these, I deduced how individuals, pursuing their own advantage in a system of natural liberty, would contribute to the wealth and well-being of society. My lectures and extensive writings sought to build a coherent system from these fundamental principles.
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