Who is Adam Smith?

  • (noun): Scottish economist who advocated private enterprise and free trade (1723-1790).
    Synonyms: Smith

Adam Smith

Adam Smith (5 June 1723 – 17 July 1790) was a Scottish moral philosopher and a pioneer of political economy. One of the key figures of the Scottish Enlightenment, Adam Smith is best known for 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, usually abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics. Smith is cited as the father of modern economics and is still among the most influential thinkers in the field of economics today. In 2009, Smith was named among the 'Greatest Scots' of all time, in a vote run by Scottish television channel STV.

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Some articles on Adam Smith:

Adam Smith - Legacy - As A Symbol of Free Market Economics
... Smith has been celebrated by advocates of free market policies as the founder of free market economics, a view reflected in the naming of bodies such ... Alan Greenspan argues that, while Smith did not coin the term laissez-faire, "it was left to Adam Smith to identify the more-general set of principles that brought conceptual clarity to the ... O'Rourke describes Smith as the "founder of free market economics" ...
Adam Smith Foundation
... This article concerns the Adam Smith Foundation based in the state of Missouri in the United States, as opposed to the Adam Smith Foundation based at the University of Glasgow in Scotland ... The Adam Smith Foundation is a 501(c)(4) conservative advocacy organization formed in June, 2007 ...
List Of Skins Episodes - List of Episodes - Series 1 (2007)
0.977 1 February 2007 (2007-02-01) 3 ... "Jal" Jal Fazer Adam Smith Bryan Elsley 0.91 8 February 2007 (2007-02-08) 4 ... "Chris" Chris Miles Adam Smith Jack Thorne 0.709 15 February 2007 (2007-02-15) 5 ... "Sid" Sid ...
List Of Torchwood Villains - Supporting Characters Introduced By Series - Series Two (2008) - Adam Smith
... "Adam Smith", an alien who feeds and survives off memories, appears in "Adam", played by Bryan Dick ... Previously trapped in an extradimensional Void, Adam is drawn to the Torchwood team due to their unique memories and escapes the Void through the Rift ... Accompanying the survival instinct, Adam shows a tendency to use his powers recreationally and maliciously ...
Mercantilists - Criticisms
... Adam Smith and David Hume were the founding fathers of anti-mercantilist thought ... A number of scholars found important flaws with mercantilism long before Adam Smith developed an ideology that could fully replace it ... Adam Smith noted at the core of the mercantile system was the "popular folly of confusing wealth with money," bullion was just the same as any other commodity, and there was no reason to give ...

Famous quotes containing the words adam smith, smith and/or adam:

    The machines that are first invented to perform any particular movement are always the most complex, and succeeding artists generally discover that, with fewer wheels, with fewer principles of motion, than had originally been employed, the same effects may be more easily produced. The first systems, in the same manner, are always the most complex.
    Adam Smith (1723–1790)

    Heat, ma’am! It was so dreadful here that I found there was nothing left for it but to take off my flesh and sit in my bones.
    —Sydney Smith (1771–1845)

    And Adam said, This is now bone of my bones, and flesh of my flesh: she shall be called Woman, because she was taken out of Man.
    Bible: Hebrew Genesis, 2:23.