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Adam Smith University (also known as Adam Smith University of Liberia and École Supérieure Universitaire Adam Smith) is an unaccredited private distance learning university founded in 1991 by Donald Grunewald, who is still its president. Grunewald, a onetime president of Mercy College, was reported in 2004 to be a business professor at Iona College. The university espouses the principle of independence from state control, believing that such control prevents it from furthering its mission.
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