Adam Smith Adam Smith''s book the Wealth of Nations is one of the classics of economics. This book is still widely read and assigned to students at universities all over the world. He considered himself a philosopher, but he is now considered to be one of the first economists. Read the article below and do some of your own research in the Cyberlibrary or Internet search engines on Adam Smith. Answer the following questions in a 3 page report: 1. Adam Smith is considered the father of modern economic theory. Explain his ideas about division of labor, self-interest and the invisible hand. Do you think these ideas are relevant today? How do they relate to do "Big Ideas" from the PowerPoint presentation from this module? 2. Define the terms supply and demand, and then indicate how they reflect Smith?s ideas of self-interest and the invisible hand. 3. Provide a real-world example from today''s economy of the "invisible hand" or another idea from the article. Explain how your example fits with Adam Smith''s idea. Please read (click on the title): Adam Smith and the Invisible Hand by Helen Joyce