Why economictimes qna ask. learn. share. here you can ask question, answer question or even debate an answer. it is the place to exchange knowledge nuggets with community of experts and get rewarded.Statistical techniques | statistical mechanics Adam smith frsa ( june ns (june os) july ) was scottish economist, philosopher, and author. he was moral philosopher, pioneer of political economy, and was key figure during the scottish enlightenment era. Hedge is an investment position intended to offset potential losses or gains that may be incurred by companion investment. in simple language, hedge is used to reduce any substantial losses or gains suffered by an individual or an organization.