From the standpoint of our understanding of wealth and poverty, one can argue in a rather expedient that the most important contribution of Adam Smith was in fact his approach led to outsource or to expel what was to become dominant in economics, in particular the following four concepts are important for understanding economic development:
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The concept of innovation with great prominence in British social science over one hundred and fifty years, since earket automatically find its equilibrium interferecnias that there are no strangers. In fact, the line between the market's invisible hand of the simple faith in the destiny seems very thin, and Smith himself attributed the distribution of land to the Order rather than social forces but even so, apnta, the invisible hand would come to the aid of the poor:
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The product of the soil maintains at all times about the larger population that is able to maintain. The rich only select from the pile asthe species. When providence divided the earth among a few gentlemen, neither forgot nor abandoned those who seemed to be left out of the deal. The latter also enjoy their part in everything that occurs. In what constitutes the real happiness of human life are not inferior in any sense to those who seem to be well above them. Welfare of body and peace of mind, different social ranks are all approximately the same level, and the beggar who walks in the sun on the edge of the road safety has to fight for the Kings ( Theory of Moral Sentiments). " CHTM
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