..Adam Smith..

Adam Smith - His Life

Adam Smith was born in Kirkcaldy Scotland in 1723. When he was 17 years old he went to Oxford and in 1951 he became a professor of Logic at Glasgow. The next year he took the Chair of Moral Philosophy. In 1759, he published his Theory of Moral Sentiments . It 1776 he published his masterpiece: An Inquiry into the Nature and Causes of the Wealth of Nations . After living in both France and London Adam Smith returned to Scotland in 1778 when he was appointed commissioner of customs for Edinburgh. Adam Smith died on July 17th, 1790 in Edinburgh.
Adam Smith - An Inquiry into the Nature and Causes of the Wealth of Nations (1776) The Wealth of Nations is a five book series and considered to be the first modern work in the field of economics.Using very detailed examples Adam Smith attempted to reveal the nature and cause of a nation's prosperity. Through his examination he developed a critique of the economic system. Most commonly known are Smith's critique of mercantilism and his concept of the Invisible Hand. Adam Smith's arguments are still used and cited today in debates. Not everyone agrees with Smith's ideas. Many see Smith as an advocate of ruthless individualism. Regardless of how Smith's ideas are viewed An Inquiry into the Nature and Causes of the Wealth of Nations is considered to be and is arguably the most important book on the subject ever published. Without a doubt, it is the most seminal text in the field of free-market capitalism .