Science Library - free educational site

Adam Smith

1723 - 1790

Read about history on ScienceLibrary.info

Adam Smith was a Scottish economist, or indeed 'the Father of Modern Economy'. He penned the Wealth of Nations, published in 1776, a not insignificant year for revolutionary ideas...

  • Nationality
  • Scottish

  • Subject
  • Economics

  • Fields
  • political economy, moral philosophy

  • Publications
  • The Theory of Moral Sentiments, 1759.

    An Inquiry into the Nature and Causes of the Wealth of Nations, 1776. Usually referred to as Wealth of Nations, this was the first modern work on economics, and is considered one of the most influential books on economy every written.

    Lectures on Justice, Police, Revenue, and Arms, 1763.

    Essays on Philosophical Subjects, 1795.

  • Theories
  • Classical Economics

    Free market

    Division of labour

    Invisible Hand

Adam Smith: Wealth of Nations
Adam Smith: Wealth of Nations

The Wealth of Nations is still on every economics student's menu, as it lays the foundations for the capitalist system, through which rational self-interest and competition create the mechanisms for national prosperity.

He also wrote an influential book on morality, and was associated with David Hume, a contemporary and fellow-enlightenist. It is fascinating to speculate how such a code of moral behaviour might manifest within his later treatise on economic behaviour and consequences. It could be argued that this inherent dichotomy evolved into the debates of the 19th century, resulting in radically different political economies.






Latest Item on Science Library:

The most recent article is:

Trigonometry

View this item in the topic:

Vectors and Trigonometry

and many more articles in the subject:

Subject of the Week

Environment

Environmental Science is the most important of all sciences. As the world enters a phase of climate change, unprecedented biodiversity loss, pollution and human population growth, the management of our environment is vital for our futures. Learn about Environmental Science on ScienceLibrary.info.

Environmental Science

Great Scientists

Daniel Bernoulli

1700 - 1782

Daniel Bernoulli was a major scientist and mathematician of the 18th century, a friend and associate of Leonard Euler, and a member of the illustrious Bernoulli dynasty of mathematicians.

Daniel Bernoulli, 1700 - 1782
IT Forum by Sean Bone

Quote of the day...

Equipped with his five senses man explores the universe around him and calls the adventure science.