Adam Smith
Adam Smith
Adam Smith was a renowned Scottish philosopher and economist born in 1723 in Kirkcaldy, Scotland. He studied at the University of Glasgow and later became a professor of logic at the same institution. Smith is well-known for his pioneering work in the field of economics, particularly his influential book "The Wealth of Nations," which was first published in 1776.
Adam Smith's work focused on the study of political economy, and he is widely regarded as the "Father of Economics." His ideas about free markets, competition, and division of labor have had a significant impact on the development of modern economic theory. Smith's work has also had a significant influence on political philosophy, with his advocacy for individual freedom and limited government becoming the basis for classical liberalism.
In addition to his significant contributions to economics and philosophy, Adam Smith was also a social commentator and historian. He was a member of the Royal Society of Edinburgh and published several other works, including "The Theory of Moral Sentiments."