Which of these is true of Adam Smith's legacy?
A)He advanced ideas that supported the rise of fascism.
B)He influenced the development of the classical liberal ideology.
C)He put forward the ideas that led to the development of socialism.
D)He laid out the critique of liberalism that led to the rise of neoconservatism.

Question

Quizplus · Accepted Answer

Adam Smith is widely considered the father of modern economics and his ideas laid the foundation for classical liberalism. He believed in free markets, limited government intervention, and individual economic freedom. His work was a significant influence on the development of classical liberal ideology. Option A is false as Smith's ideas were antithetical to fascism. Option C is false as Smith's ideas were focused on individualism and the free market and were not supportive of socialism. Option D is false as Smith's work does not contain any critique of liberalism that led to the rise of neoconservatism.

Which of These Is True of Adam Smith's Legacy