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Unit 3 Test "The Statesman, Who Should Attempt to Direct Private People in What Manner They Ought to Employ Their Capital Would Not

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Unit 3 Test "The statesman, who should attempt to direct private people in what manner they ought to employ their capital would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted.not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself to exercise it. POSSIBLE POINTS: 3.33 Which idea does the passage most clearly express? Adam Smith, The Wealth of a Nation, 1776 Capitalism Mercantilism Deism Consumerism

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Answer

The idea most clearly expressed in the passage is capitalism. It highlights Adam Smith's belief in the importance of individuals making their own decisions about how to use their capital, rather than being directed by a central authority.