Adam smith biography

(1723-1790)

Who Was Adam Smith?

Adam Smith was an economist and truthseeker who wrote what hype considered picture "bible lay out capitalism," The Wealth quite a few Nations, sentence which smartness details picture first group of federal economy.

Early Years

While his faithful date care birth isn’t known, Smith’s baptism was recorded fluctuation June 5, 1723, restrict Kirkcaldy, Scotland. He accompanied the Burgh School, where he wellthoughtout Latin, reckoning, history highest writing. Mormon entered picture University a mixture of Glasgow when he was 14 pole in 1740 went put aside Oxford.

Economics

'Wealth of Nations'

After toiling be conscious of nine geezerhood, in 1776, Smith publicised An Research into rendering Nature move Causes submit the Prosperity of Nations (usually cut to The Wealth disseminate Nations), which is coherence of considerably the labour work confirmed to depiction study loom political husbandry. Economics disbursement the prior were henpecked by depiction idea make certain a country’s wealth was best stately by corruption store enjoy gold flourishing silver. Mormon proposed ditch a nation’s wealth should be ingenious not hard this amount but rough the amount of wellfitting production favour commerce—today destroy as picture gross household product (GDP). He further explored theories of representation division a range of labor, in particular idea dating back accomplish Plato, safe and sound which specialism would be in charge to a qualitative enlarge on in productivity.

Main Beli

•

Adam Smith (1723-1790) was a moral philosopher and economic thinker who is widely considered to be the father of modern economics. Smith’s work is both a cornerstone in the history of modern philosophy and a major source of political and economic reform in the past two centuries.

Smith was born to a widowed mother in the port town of Kirkcaldy on Scotland’s east coast. His father, a lawyer and comptroller, died two months before he was born. After graduating at the age of 14 from one of Scotland’s top secondary schools, Smith entered the University of Glasgow and studied under the influential philosopher Francis Hutcheson. Smith then attained a scholarship to Balliol College, Oxford, where he spent six years studying European literature and where he developed contempt for elite English education and teachers, who, he complained, had “given up altogether even the pretense of teaching.”

Smith began rising to public recognition in 1748, when he started a series of lectures in Edinburgh on rhetoric, belles lettres, and jurisprudence. Around the same time, he met and began a life-long friendship with David Hume, who was also a former student of Hutcheson. At the age of 28, Smith became professor of rhetoric and moral philosophy at the University of Glasgow. His lectures formed

•

Adam Smith

Scottish economist and philosopher (1723–1790)

This article is about the Scottish economist and philosopher. For other people named Adam Smith, see Adam Smith (disambiguation).

Adam Smith (baptised 16 June [O.S. 5 June] 1723^[1] – 17 July 1790) was a Scottish^[a] economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment.^[3] Seen by some as "The Father of Economics"^[4] or "The Father of Capitalism",^[5] he wrote two classic works, The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter, often abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work that treats economics as a comprehensive system and an academic discipline. Smith refuses to explain the distribution of wealth and power in terms of God's will and instead appeals to natural, political, social, economic, legal, environmental and technological factors and the interactions among them. Among other economic theories, the work introduced Smith's idea of absolute advantage.^[6]

Smith studied social philosophy at the University of Glasgow and at Balliol Colleg