Was Adam Smith a Capitalist?

Adam Smith is often identified as the father of modern capitalism.

Was Adam Smith a socialist or capitalist?

Economies can be formal or informal, and economic activity can occur in various economic systems. Adam Smith is credited with formalizing capitalism in his 1776 book, The Wealth of Nations. ... Socialism and communism emphasize the public ownership of the means of production and public reallocation of wealth.

What was Adam Smith's view on capitalism?

Adam Smith was the 'forefather' of capitalist thinking. His assumption was that humans were self serving by nature but that as long as every individual were to seek the fulfillment of her/his own self interest, the material needs of the whole society would be met.