The Enlightenment period significantly influenced economic thought by emphasizing reason, individualism, and liberty. Thinkers like Adam Smith advocated for free markets and limited government intervention, laying the groundwork for modern capitalism. The period challenged traditional mercantilist policies and highlighted the benefits of trade and competition. Enlightenment ideas promoted the belief that rational economic arrangements could lead to greater prosperity, shaping future economic theories and practices. Overall, this era redefined economic relations and frameworks, paving the way for revolutions in both thought and practice.