Scribd Logo
Upload

Welcome to Scribd!

  • 73 views

    Adam Smith

    Uploaded by

    Christy George
    Adam Smith was an 18th century Scottish economist known as the "Father of Economics" or "Father of Capitalism". He wrote two influential works, The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations, which introduced concepts like the division of labor and how competition and self-interest can lead to economic prosperity. Smith studied at the University of Glasgow and Oxford and taught moral philosophy at Glasgow, where he developed his theories on economics and political philosophy that formed the basis of classical economic theory.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Adam Smith

    Uploaded by

    Christy George
    73 views1 page
    Adam Smith was an 18th century Scottish economist known as the "Father of Economics" or "Father of Capitalism". He wrote two influential works, The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations, which introduced concepts like the division of labor and how competition and self-interest can lead to economic prosperity. Smith studied at the University of Glasgow and Oxford and taught moral philosophy at Glasgow, where he developed his theories on economics and political philosophy that formed the basis of classical economic theory.

    Original Description:

    A short history on Adam Smith, the father of economics.

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Adam Smith was an 18th century Scottish economist known as the "Father of Economics" or "Father of Capitalism". He wrote two influential works, The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations, which introduced concepts like the division of labor and how competition and self-interest can lead to economic prosperity. Smith studied at the University of Glasgow and Oxford and taught moral philosophy at Glasgow, where he developed his theories on economics and political philosophy that formed the basis of classical economic theory.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    73 views1 page

    Adam Smith

    Uploaded by

    Christy George
    Adam Smith was an 18th century Scottish economist known as the "Father of Economics" or "Father of Capitalism". He wrote two influential works, The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations, which introduced concepts like the division of labor and how competition and self-interest can lead to economic prosperity. Smith studied at the University of Glasgow and Oxford and taught moral philosophy at Glasgow, where he developed his theories on economics and political philosophy that formed the basis of classical economic theory.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 1

    Adam Smith –Father of Economics

    (16 June 1723 – 17 July 1790)

    A Scottish economist, philosopher and author as well as a moral philosopher, a


    pioneer of political economy and a key figure during the Scottish
    Enlightenment, also known as ''The Father of Economics'' or ''The Father of
    Capitalism''. He defines economics as "an inquiry into the nature and causes of the
    wealth of nations. Smith 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 of
    economics. In his work, Adam Smith introduced
    his theory 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 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.
    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 Tory writers such as Horace Walpole. In
    2005, The Wealth of Nations was named among the 100 best Scottish books of all
    time. Smith died in the northern wing of Panmure House in Edinburgh after a
    painful illness. His body was buried in the Canongate Kirkyard. On his deathbed,
    Smith expressed disappointment that he had not achieved more.

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy