Trivia Spin Answers Who was this historical figure?

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• Adam
  Smith Economist
• James
  Madison 4th
  USA
  President
• James
  Maxwell Inventor
• Mikhail
  Kutuzov Military
  leader
• Peter
  Paul
  Rubens Artist
• Winston
  Churchill Prime
  Minister

Adam Smith formulated the principle of non-interference, or laissez-faire, in economic theory. This principle suggests that the government should have a minimal intervention in the economy and instead trust the laws of supply and demand in the marketplace. This allows the market economy to function more efficiently, believing that competition and a free market promote growth and prosperity. These postulates of Adam Smith's economic theory remain significant and influential today, although there are also other approaches to regulating the economy.