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Dec 1, 2023 · Adam Smith (1723-1790) was a Scottish philosopher, economist, and leading Enlightenment figure. In The Wealth of Nations, he advocates free trade and limited interference in markets by governments, for which he is seen as the founder of liberal economics.
Adam Smith (1723—1790) Adam Smith is often identified as the father of modern capitalism. While accurate to some extent, this description is both overly simplistic and dangerously misleading. On the one hand, it is true that very few individual books have had as much impact as his An Inquiry into the Nature and Causes of the Wealth of Nations.
Adam Smith, (baptized June 5, 1723, Kirkcaldy, Fife, Scot.—died July 17, 1790, Edinburgh), Scottish social philosopher and political economist. The son of a customs official, he studied at the Universities of Glasgow and Oxford.
Biography. 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.
Modern economists call Smith’s insight the theory of compensating wage differentials. Smith used numerate economics not just to explain production of pins or differences in pay between butchers and hangmen, but to address some of the most pressing political issues of the day.
Adam Smith (1723-1790) was a Scottish philosopher and economist who is best known as the author of An Inquiry into the Nature and Causes of the Wealth Of Nations (1776), one of the most influential books ever written.
The Wealth of Nations. Adam Smith, drawing by John Kay, 1790. Despite its renown as the first great work in political economy, The Wealth of Nations is in fact a continuation of the philosophical theme begun in The Theory of Moral Sentiments.
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