1790day.year
Adam Smith
(1723 - 1790)
Scottish economist and philosopher
Scottish economist and philosopher
Adam Smith was a Scottish economist and philosopher, known as the father of modern economics.
Educated at the University of Glasgow and Oxford, Adam Smith became a professor of moral philosophy at Glasgow, where he lectured on ethics and jurisprudence. His seminal work, 'The Theory of Moral Sentiments,' explored human morality and sympathy. In 1776, he published 'An Inquiry into the Nature and Causes of the Wealth of Nations,' introducing theories of free markets, division of labor, and the invisible hand. Smith's ideas laid the foundation for classical economics and influenced the development of capitalism. His work continues to be studied for its insights into economics, ethics, and social organization.
1790
Adam Smith