Albert Edward Smith (2 January 1881 – 5 February 1965) was an Australian politician. Born in Kent, England, he migrated to Australia as a child and was educated at Clare in South Australia. He became a service station proprietor and served on Clare Council. In 1943, he was elected to the Australian House of Representatives as the Labor member for Division of Wakefield, defeating the sitting United Australia Party member, Jack Duncan-Hughes. He held the seat until his defeat in 1946 by Philip McBride, the candidate for the UAP's successor, the Liberal Party. Smith died in 1965.
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“Every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the publick interest, nor knows how much he is promoting it.... He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.”
—Adam Smith (1723–1790)