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the claim
Adam Smith invented capitalism.
the verdict
REFUTED
the evidence says no
Recorded sources
3 sources for · 4 against
Is it true that Adam Smith invented capitalism?
No. Reference sources state that Adam Smith never used the word 'capitalism', which only entered use in the nineteenth century, and that he developed ideas of commercial society rather than inventing the system. A few popular and advertising snippets repeat the phrase 'Adam Smith invented capitalism' without substantiation.
Verdict: REFUTED · 3 sources for, 4 against · Last checked
Evidence for · 3
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Dawson (1998). American Government: : Institutions, Policies, and Politics Study. archive.org. https://archive.org/details/americangovernme0000daws
Evidence against · 4
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Adam Smith. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/Adam_Smith
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More for · 2
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R, T. P. (1993). People at work : human relations in organizations. archive.org. https://archive.org/details/peopleatworkhuma0000timm_f3n7
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International, T. N. Y. F. H. B. (1999). The New York Festivals: International Advertising Awards 7. archive.org. https://archive.org/details/newyorkfestivals0000newy_w4u5
More against · 3
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Smith, Adam | Internet Encyclopedia of Philosophy. (n.d.). iep.utm.edu. https://iep.utm.edu/smith/
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J., M. E. & E., E. D. (2008). Economic Heritage: Adam Smith vs. Karl Marx. eric.ed.gov. https://eric.ed.gov/?id=EJ816901
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Simple English Wikipedia: Capitalism. (n.d.). simple.wikipedia.org. https://simple.wikipedia.org/wiki/Capitalism
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