A Brief Analysis About Adam Smith's Economic Liberalism

Adam Smith is one of the most famous classical economists, and his thought of economics has made great influence on the follows and current economics. It is worth to study it in order to deepen and expand our economic research vision. This analysis attempts to study the economic thought of Adam Smith by a new point of view of which was neglected in the past times. We claim that Smith's economic theories were the results of his times and just part of his whole thought system. We organized our thesis in four chapters to explain the significance that claimed. Chapter two attempts to study the condition, background and research method of the performance of Smith's thought system, and scan the whole skeleton of the system. Finally, we will reconsider some historical argues about the conflict presumption between Smith's ethic works and his WN, which is so called "Adam Smith Problem", and finally reach the conclusion that there is no inconsistency in Smith's system and the claim is the product of late misunderstanding. We analyze the source of the economic thought of Adam Smith and the economics meaning of Invisible Hand in the Third chapter. In this chapter, the author believes that the thought system of Adam Smith was inherited from the traditional mainstream doctrines. Inspired and helped by the popular thoughts then, Smith made a great contribution to the economic theory. In Chapter Four, we study the development of Smith's economic thought and the appraisals for it. Finally we attempt to obtain some beneficial essence from Smith's thought system from which will be valuable and helpful to China's process of market economy.