Who is Adam smith and what were his idea? (IN YOUR OWN WORDS)

Adam smith was a Scottish philosopher and regarded as the father of the open market economy. His book, the wealth of nations was the underlying foundation of the modern economic theory and the free market system.

he believed that rather than having self sufficient closed economies, economies must open up to other nations and international trade along with minimally regulated markets will eventually work towards the development of national economies while enhancing the standard of living of individuals.

Explanation:

he believed that congress would be better not dealing with "lobbyists", or people who seek to influence (a politician or public official) on an issue, since historically, they had problems with these kinds of people. he thought lobbying produces benefits, but should be carefully monitored.