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Adam Smith published Wealth of Nationsin 1776.His book is regarded as the most comprehensive critique of MercantMercantilismmost influentialalismin his era. He is regarded as the

Adam Smith published "Wealth of Nations"in 1776.His book is regarded as the most comprehensive critique of MercantMercantilismmost influentialalismin his era.

He is regarded as the most important proponent of markets -- markets as the most efficient mechanisms for creating and maximizing utility.

Smith is often brought forth today as the rationale for ending government regulation and cutting taxes.

Yet Smith was quite explicit about what he thought government-- and only government, not the private sector -- needed to do.

Which most accurately describes his ideas?

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