Answer: He was a philosopher who promoted the idea of free enterprise.
The Scottish Enlightenment (Scots: Scots Enlichtenment Scottish Gaelic: Soillseachadh na h-Alba) was the period in 18th century Scotland characterised by an outpouring of intellectual and scientific accomplishments. By the eighteenth century Scotland had a network of parish schools in the Lowl…
Adam Smith FRSA (c. 16 June [O.S. c. 5 June] 1723 – 17 July 1790) was a Scottish economist philosopher as well as a moral philosopher a pioneer of political economy and a key figure during the Scottish Enlightenment also known as ”The Father of Economics” or ”The Father of Capitalism”. Smith wrote two classic works The Theory of Moral Sentiments (1759) and An Inquiry into the Natur…
Adam Smith FRSA (c. 16 June [O.S. c. 5 June] 1723 – 17 July 1790) was a Scottish economist philosopher as well as a moral philosopher a pioneer of political economy and a key figure during the Scottish Enlightenment also known as ”The Father of Economics” or ”The Father of Capitalism”. Smith 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 of economics. In his work Adam Smith introduced his theory 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. 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.
Early life Smith was born in Kirkcaldy in Fife Scotland. His father also Adam Smith was a Scottish Writer to the Signet (senior solicitor ) advocate and prosecutor (judge advocate) and also served as comptroller of the customs in Kirkcaldy. Smith’s mother was born Margaret Douglas daughter of the landed Rob…
Early life Smith was born in Kirkcaldy in Fife Scotland. His father also Adam Smith was a Scottish Writer to the Signet (senior solicitor ) advocate and prosecutor (judge advocate) and also served as comptroller of the customs in Kirkcaldy. Smith’s mother was born Margaret Douglas daughter of the landed Robert Douglas of Strathendry also in Fife; she married Smith’s father in 1720. Two mon…