Adam Smith is, without doubt, the most famous member of that group of Scottish Moral Philosophers who contributed to the development of social and economic understanding of the market economy and how economic liberty makes human prosperity possible.
Too many of us who are enthusiastic about space exploration and colonization expect the federal government to lead the way. We should learn from the founding of British colonies in America.
In the middle decades of the eighteenth century two schools of thought emerged, one in France and the other in Great Britain that were critical of Mercantilism, the government system of economic planning and regulation in the 1700s.
The Feudal System had resulted in the disintegration of the unity that much of Western, Southern, and Eastern Europe had known under the Roman Empire.