Adam Smith

Born in 1723
Economics Philosophy
  • Adam Smith FRSA FRS FRSE was a Scottish philosopher and economist born in 1723.

  • He played a crucial role in the Scottish Enlightenment and is renowned for his contributions to political economy.

  • Smith authored two seminal works: The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations.

  • The latter, often called The Wealth of Nations, is considered his magnum opus and the first modern treatise on economics as a comprehensive academic discipline.

  • Smith's ideas on free markets, division of labor, and the "invisible hand" have profoundly influenced economic thought and policy for centuries.

Books by Adam Smith