Who is Adam Smith
Adam Smith (baptized 16 June [O.S. 5 June] 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer of political economy and key figure during the Scottish Enlightenment. Also known as "The Father of Economics" or "The Father of Capitalism", he wrote two classic works, The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter, often abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics. In his work, Smith introduced his theory of absolute advantage.Smith studied social philosophy at the University of Glasgow and at Balliol College, Oxford, where he was one of the first students to benefit from scholarships set up by fellow Scot John Snell. After gr...Read Full Biography of Adam Smith
Adam Smith Poems
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Adam Smith Quotes
- It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
- The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
- The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.
- All money is a matter of belief.
- Science is the great antidote to the poison of enthusiasm and superstition.
Comments about Adam Smith
Sabhlok: bentham and the two mills might have opened the door to more intervention than adam smith would countenance, but soon the fascists infiltrated and brought in tyranny. today's nazi education system bears no resemblance to what js mill said. even i can't teach without a "license".Samshongwe: compliments to adam smith, ned ludd, and tom sowell for this train of thought.
Kemmeryzwi: the cambridge companion to adam smith (cambridge companions to philosophy) zhhnwpu
Humanprogress: the environment is a luxury good, says tim worstall of the adam smith institute: ”[i]t's something we spend more of our income upon, as incomes rise.” growing prosperity in developing countries is key to environmental improvement.
Impemboganecue: these people literally can't read man. like they read the words but it doesn't add up. they also can't figure out how "profit" within a capitalist society should work, so maybe get out the old glock and get them proving they can understand adam smith at minimum
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