Adam-Smith

Adam-Smith (1723–1790) was a preeminent Scottish Economist and Philosopher, widely acknowledged as the architect of modern Capitalism. His seminal work, The-Wealth-of-Nations, published in 1776, revolutionized the study of Political-Economy by analyzing the relationship between commerce and government. Smith's theories on the Division-of-Labor and the Invisible-Hand remain cornerstones of Classical-Economics.

Before his economic contributions, Smith published The-Theory-of-Moral-Sentiments in 1759, which examined the psychological basis of Ethics and the role of sympathy in human interaction. He was a leading figure of the Scottish-Enlightenment and maintained a lifelong friendship with the philosopher David-Hume. According to the Stanford Encyclopedia of Philosophy, Smith's work influenced thinkers ranging from David-Ricardo to Karl-Marx. He held a professorship at the University-of-Glasgow and later served as a commissioner of customs. Additional historical context is available at the Adam Smith Institute.

• David-Hume
• Capitalism
• John-Maynard-Keynes
• Mercantilism