Smith's System of Natural Liberty

Smith's System of Natural Liberty is the idea that free markets and individual choice naturally lead to economic prosperity and social harmony. When people are free to pursue their own interests—such as selling goods or services—they unintentionally benefit society by creating a wealth of options, competition, and innovation. This process, guided by what Adam Smith called the "invisible hand," results in efficient resource allocation without heavy government intervention. Essentially, by allowing individuals to act freely within a fair system, the economy organizes itself in a way that overall benefits everyone.