Did Adam Smith believe in capitalism?

Adam Smith's Perspective

Adam Smith is often regarded as the father of modern economics, and his ideas laid the groundwork for what we now understand as capitalism. His seminal work, The Wealth of Nations, advocates for the benefits of free markets, competition, and the idea of the "invisible hand," which suggests that individuals pursuing their own self-interest can lead to positive societal outcomes. Therefore, while he did not use the term "capitalism," his theories certainly align with its principles.