Adam Smith

1787 portrait Adam Smith (baptised 1723 – 17 July 1790) was a Scottish|name=note|group=}} economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. Seen by some as "The Father of Economics" or "The Father of Capitalism", 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 as 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.

Smith studied social philosophy at the University of Glasgow and at Balliol College, Oxford, where he was one of the first students to benefit from scholarships set up by fellow Scot John Snell. After graduating, he delivered a successful series of public lectures at the University of Edinburgh, leading him to collaborate with David Hume during the Scottish Enlightenment. Smith obtained a professorship at Glasgow, teaching moral philosophy and during this time, wrote and published ''The Theory of Moral Sentiments''. In his later life, he took a tutoring position that allowed him to travel throughout Europe, where he met other intellectual leaders of his day.

As a reaction to the common policy of protecting national markets and merchants through minimizing imports and maximizing exports, what came to be known as mercantilism, Smith laid the foundations of classical free market economic theory. ''The Wealth of Nations'' was a precursor to the modern academic discipline of economics. In this and other works, he developed the concept of division of labour and expounded upon how rational self-interest and competition can lead to economic prosperity. Smith was controversial in his own day and his general approach and writing style were often satirised by writers such as Horace Walpole. Provided by Wikipedia
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    by Smith, Adam, 1723-1790
    Published 1980
    Book
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    by Smith, Adam, 1723-1790
    Published 1967
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    by Smith, Adam, 1723-1790
    Published 1948
    Book
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    by Smith, Adam, 1723-1790
    Published 1850
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    by Smith, Adam, 1723-1790
    Published 1896
    Book
  8. 8
    by Smith, Adam, 1723-1790
    Published 1903
    Book
  9. 9
    by Smith, Adam, 1723-1790
    Published 1930
    Book
  10. 10
    by Smith, Adam, 1723-1790
    Published 1909
    Book
  11. 11
    by Smith, Adam, 1723-1790
    Published 1937
    Book
  12. 12
    by Smith, Adam, 1723-1790
    Published 1880
    Book
  13. 13
    by Smith, Adam, 1723-1790
    Published 1970
    Book
  14. 14
    by Smith, Adam, 1723-1790
    Published 1971
    Book
  15. 15
    by Smith, Adam, 1723-1790
    Published 1966
    Book
  16. 16
    by Smith, Adam, 1723-1790
    Published 1971
    Book
  17. 17
    by Smith, Adam, 1723-1790
    Published 1976
    Book
  18. 18
    by Smith, Adam, 1723-1790
    Published 1976
    Book
  19. 19
    by Smith, Adam, 1723-1790
    Published 1986
    Book
  20. 20
    by Smith, Adam, 1723-1790
    Published 1983
    Book
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