Adam Smith
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
1
by Smith, Adam, 1723-1790
New York, P.F. Collier & son, 1905
New York, P.F. Collier & son, 1905
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2
by Smith, Adam, 1723-1790
Oxford : At the Clarendon Press, 1896
Oxford : At the Clarendon Press, 1896
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3
by Smith, Adam, 1723-1790
New York ; London : Macmillan, 1915
Other Authors:
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4
by Smith, Adam, 1723-1790
[Whitefish, Mont.] : [Kessinger], 2006; 1872
Other Authors:
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5
by Smith, Adam, 1723-1790
New York, London, Macmillan and co., 1902
New York, London, Macmillan and co., 1902
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6
by Smith, Adam, 1723-1790
New York Collier 1965
New York Collier 1965
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7
by Smith, Adam, 1723-1790
London : Dent, 1981
London : Dent, 1981
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8
by Smith, Adam, 1723-1790
London, 1894
London, 1894
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9
by Smith, Adam, 1723-1790
New York, 1904
New York, 1904
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10
by Smith, Adam, 1723-1790
Petersfield : Harriman House, 2007
Petersfield : Harriman House, 2007
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11
12
by Smith, Adam, 1723-1790
Aalen [Germany] : Zeller, 1963
Aalen [Germany] : Zeller, 1963
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13
by Smith, Adam, 1723-1790
London, New York, J. M. Dent & Sons; E. P. Dutton & Co. 1962
London, New York, J. M. Dent & Sons; E. P. Dutton & Co. 1962
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14
by Smith, Adam, 1723-1790
London : Ward, Lock & Co., 1880
London : Ward, Lock & Co., 1880
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15
by Smith, Adam, 1723-1790
London : printed for T. Cadell, etc., 1811
London : printed for T. Cadell, etc., 1811
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17
by Smith, Adam, 1723-1790
Paris : Economica, 2000
Paris : Economica, 2000
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18
by Smith, Adam, 1723-1790
London : Printed by A. Strahan for T. Cadell Jun. and W. Davies, 1802
The tenth edition.
London : Printed by A. Strahan for T. Cadell Jun. and W. Davies, 1802
The tenth edition.
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19
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20
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