1723day.year
Adam Smith
(1723 - 1790)
Scottish philosopher and economist
Scottish philosopher and economist
Scottish economist and philosopher best known as the father of modern economics and author of The Wealth of Nations.
Born in 1723 in Kirkcaldy, Scotland, Adam Smith studied moral philosophy at the University of Glasgow and Oxford.
In 1759, he published his first major work, 'The Theory of Moral Sentiments', exploring ethics and human behavior.
His 1776 magnum opus, 'An Inquiry into the Nature and Causes of the Wealth of Nations', laid the foundations of modern economics.
He introduced key concepts such as the division of labor and the invisible hand guiding self-interest to public benefit.
As a professor of moral philosophy at Glasgow, he influenced generations of students and thinkers.
His advocacy for free trade and limited government shaped economic policy and the Industrial Revolution.
He died in 1790, leaving a lasting legacy in the fields of economics and philosophy.
1723
Adam Smith