Scribd
Upload
53 views1 page

Adam Smith: Father of Economics

Adam Smith was an influential Scottish philosopher and economist born in 1723. He is considered the father of modern economics, and authored two major works: The Theory of Moral Sentiments, and An Inquiry into the Nature and Causes of the Wealth of Nations. He studied moral philosophy at the University of Glasgow and Oxford University, and taught moral philosophy at Glasgow. Smith spent his later life writing his magnum opus, The Wealth of Nations, which was published in 1776 and established him as the father of modern economics. He died in 1790.

Uploaded by

sarayoo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
53 views1 page

Adam Smith: Father of Economics

Adam Smith was an influential Scottish philosopher and economist born in 1723. He is considered the father of modern economics, and authored two major works: The Theory of Moral Sentiments, and An Inquiry into the Nature and Causes of the Wealth of Nations. He studied moral philosophy at the University of Glasgow and Oxford University, and taught moral philosophy at Glasgow. Smith spent his later life writing his magnum opus, The Wealth of Nations, which was published in 1776 and established him as the father of modern economics. He died in 1790.

Uploaded by

sarayoo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

Adam Smith

Adam Smith (baptised 16 June 1723 17 July 1790 [OS: 5 June 1723 17 July 1790]) was a
S!ttis" #!$al p"il!s!p"e$ and a pi!nee$ !% p!litial e!n!#y& One !% t"e 'ey %i(u$es !% t"e
S!ttis" )nli("ten#ent* S#it" is t"e aut"!$ !% The Theory of Moral Sentiments and An Inquiry
into the Nature and Causes of the Wealth of Nations& +"e latte$* usually abb$e,iated as The
Wealth of Nations* is !nside$ed "is magnum opus and t"e %i$st #!de$n w!$' !% e!n!#is&
-da# S#it" is widely ited as t"e %at"e$ !% #!de$n e!n!#is&
[1][2]
S#it" studied #!$al p"il!s!p"y at t"e .ni,e$sity !% /las(!w and O0%!$d .ni,e$sity& -%te$
($aduatin( "e deli,e$ed a suess%ul se$ies !% publi letu$es at )dinbu$("* leadin( "i# t!
!llab!$ate wit" 1a,id 2u#e du$in( t"e S!ttis" )nli("ten#ent& S#it" !btained a p$!%ess!$s"ip
at /las(!w tea"in( #!$al p"il!s!p"y* and du$in( t"is ti#e w$!te and publis"ed The Theory of
Moral Sentiments& 3n "is late$ li%e "e t!!' a tut!$in( p!siti!n w"i" all!wed "i# t! t$a,el
t"$!u("!ut )u$!pe w"e$e "e #et !t"e$ intelletual leade$s !% "is day& S#it" $etu$ned "!#e and
spent t"e ne0t ten yea$s w$itin( The Wealth of Nations (#ainly %$!# "is letu$e n!tes) w"i" was
publis"ed in 1776& 2e died in 1790&
Early life
-da# S#it" was b!$n t! 4a$(a$et 1!u(las at 5i$'aldy* S!tland& 2is %at"e$* als! na#ed -da#
S#it"* was a lawye$* i,il se$,ant* and wid!we$ w"! #a$$ied 4a$(a$et 1!u(las in 1720 and died
si0 #!nt"s be%!$e S#it" was b!$n&
[3]
-lt"!u(" t"e e0at date !% S#it"6s bi$t" is un'n!wn* "is
baptis# was $e!$ded !n 16 June 1723 at 5i$'aldy&
[7]
+"!u(" %ew e,ents in S#it"6s ea$ly
"ild"!!d a$e 'n!wn* S!ttis" 8!u$nalist and bi!($ap"e$ !% S#it" J!"n 9ae $e!$ded t"at S#it"
was abduted by (ypsies at t"e a(e !% %!u$ and e,entually $eleased w"en !t"e$s went t! $esue
"i#&
[n!te 1]
S#it" was pa$tiula$ly l!se t! "is #!t"e$* w"! li'ely en!u$a(ed "i# t! pu$sue "is
s"!la$ly a#biti!ns&
[6]
2e attended t"e :u$(" S"!!l !% 5i$'aldy "a$ate$ised by 9ae as ;!ne
!% t"e best se!nda$y s"!!ls !% S!tland at t"at pe$i!d; %$!# 1729 t! 1737&
[5]
+"e$e "e studied
<atin* #at"e#atis* "ist!$y* and w$itin(&
[6]
Formal education:- !##e#!$ati,e pla=ue %!$ -da# S#it" is l!ated at S#it"6s "!#e t!wn
!% 5i$'aldy&
S#it" ente$ed t"e .ni,e$sity !% /las(!w w"en "e was %!u$teen and studied #!$al p"il!s!p"y
unde$ >$anis 2ut"es!n&
[6]
2e$e "e de,el!ped "is passi!n %!$ libe$ty* $eas!n* and %$ee spee"& 3n
1770* S#it" was awa$ded t"e Snell e0"ibiti!n and le%t t"e .ni,e$sity !% /las(!w t! attend
:alli!l ?!lle(e* O0%!$d&
[7]
S#it" !nside$ed t"e tea"in( at /las(!w t! be %a$ supe$i!$ t! t"at at O0%!$d* and %!und "is
e0pe$iene at t"e latte$ t! be intelletually sti%lin(&
[@]
3n :!!' A* ?"apte$ 33 !% The Wealth of
Nations* S#it" w$!te: ;3n t"e .ni,e$sity !% O0%!$d* t"e ($eate$ pa$t !% t"e publi p$!%ess!$s
"a,e* %!$ t"ese #any yea$s* (i,en up alt!(et"e$ e,en t"e p$etene !% tea"in(&; S#it" is als!
$ep!$ted t! "a,e !#plained t! %$iends t"at O0%!$d !%%iials !ne deteted "i# $eadin( a !py !%

You might also like