The Adam Smith Chair of Political Economy is a chair at the University of Glasgow, named for Adam Smith, pioneering economist, author of The Wealth of Nations, and one of the University's most famous sons. It was established in 1896 from a lectureship which had been endowed in 1892 by Andrew Stewart, founder of Stewarts & Lloyds tube-manufacturers. Occupants are appointed by the University Court acting with a representative of the Merchants' House of Glasgow, the Trades House of Glasgow and the Chamber of Commerce of Glasgow.
Read more about Adam Smith Chair Of Political Economy: History, Adam Smith Professors of Political Economy
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“It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our necessities but of their advantages.”
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“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
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