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Seen by some 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).
Jun 21, 2024 · Adam Smith is considered the father of modern economics for his work in pioneering ideas such as free trade and the gross domestic product (GDP).
May 15, 2019 · Adam Smith (June 16, 1723–July 17, 1790) was a Scottish philosopher who today is considered to be the father of economics.
Jun 15, 2024 · Adam Smith, Scottish social philosopher and political economist who is a towering figure in the history of economic thought, best known for his book An Inquiry into the Nature and Causes of the Wealth of Nations (1776), the first comprehensive system of political economy.
Adam Smith (1723-1790) was a moral philosopher and economic thinker who is widely considered to be the father of modern economics. Smith’s work is both a cornerstone in the history of modern philosophy and a major source of political and economic reform in the past two centuries.
Jan 29, 2024 · Tunisian philosopher Ibn Khaldun, writing in the 14th century, was among the first theorists to examine the division of labor, profit motive, and international trade. In the 18th century,...
Scottish philosopher and economist, leading figure of the Scottish Enlightenment, widely regarded as the 'father of economics' and founder of the Classical School. Adam Smith was born Kirkcaldy, Scotland, to a Protestant Whig family of civil servants and lawyers.
Adam Smith was an 18th-century economist, philosopher, and author who is considered the father of modern economics. Smith is most famous for his 1776 book, The Wealth of Nations. Smith is also known for creating the concept of gross domestic product (GDP) and for his theory of compensating wage differentials.
Smith believed that economic development was best fostered in an environment of free competition that operated in accordance with universal “natural laws.” Because Smith’s was the most systematic and comprehensive study of economics up until that time, his economic thinking became the basis for classical economics.
Smith was not an economist; he was a philosopher. His first book, The Theory of Moral Sentiments, sought to describe the natural principles that govern morality and the ways in which human beings come to know them.
