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Adam Smith was in fact both an Economist, and a Philosopher.
Adam Smith was thought to be the "Father of Economics", but also discussed topics such as Rationalism and Anthropology, Sociology and Logic.
Adam Smith regarded monopolies as bad for the economy because they disturb the ways things should run in a market. He was typically in favor of free market, although, he believed that restrictions to free trade were sometimes necessary & could be used as economic weapons to reduce poverty.
www.biographycentral.net/adam-smith.php
www.iep.utm.edu/smith/
Smith has been praised and cursed by theorists all over the world & has been one of the most important names in economic history since he wrote the "Wealth of Nations". His theories have influenced the way nations have been formed & his ideas are at the heart of many governments and societies.
Adam Smith was also a morality philosopher & was very influential in that field as well. He put forth the idea that our moral feelings come from sympathy which is a natural trait in people; "putting ourselves in others shoes".