Adam Smith

Adam Smith

Adam smith is a man that lived in the seventeen hundreds and was considered a economist, philosopher, and a father of capitalism. He was a key figure during the Scottish Enlightenment era. His date of birth is unknown but his baptism was recorded on June 5, 1723, in Kirkcaldy, Scotland. He is well known for writing a book called "The Wealth of Nations" which is referred to as the Bible of capitalism. He went to a school named the Burgh school of Kirkcaldy and then went to two different universities. Adam Smith had a great impact on the economy of many different nations. Little is known about Smith's childhood and his personal views later in life. He was kidnapped at the age of 3 by gypsies but was returned when others went to rescue him. ... Show more content on Helpwriting.net ...He published The Theory of Moral Sentiments which was a book about how human morality depends on sympathy between agent and spectator. This meant that he didn't think humans had but morality sense but they had a mutual sympathy. After this publication many wealthy students left their schools to go to the school Smith had attended. He began to give more lectures about economics than morality after he became popular. He believed that a nations wealth was decided by it labor instead of the quantity of gold and silver a nation had which supported a theory called mercantilism that dominated Western European economic policies at the time. He eventually wrote a book about this that was called "An Inquiry into the Nature and Causes of the Wealth of Nations". Debates between classical and neoclassical economists about the message of the book have gone on for a long time. His book was criticized by Alfred Marshall for his definition of economy. He argued that man should be just as important as money, services are just as important as goods, and there should be a focus in human welfare as well as wealth. After Smith's death most of his work was burned like he requested so little is known about him apart from what he has

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