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This book examines Adam Smith's concepts and also evaluates an article on the bailout in the United States as well as it provides an overview of Adam Smith's theories as laid out in Wealth of Nations. How his ideas relate to modern day and Republican strategy is also discussed and finally it evaluates Adam Smith's view on colonialism as it is presented in his book "Wealth of Nations". Adam Smith was an 18th-century Scottish economist, philosopher, and author, who is considered the father of modern economics. Smith argued against mercantilism and was a major proponent of laissez-faire economic policies.