Adam Smith Scotland

 

Adam Smith was a Scottish philosopher and economist who is considered one of the most influential thinkers of the modern era. He was born in Kirkcaldy, Fife, Scotland in 1723 and studied at the University of Glasgow.

Smith's most famous work is "The Wealth of Nations," published in 1776, which laid the foundations of modern economic theory and introduced concepts such as the division of labor, the invisible hand, and free trade. In the book, Smith argued that a free-market economy, guided by the forces of supply and demand, would lead to greater efficiency and prosperity for all members of society.

Smith also wrote extensively on moral philosophy, and his other works include "The Theory of Moral Sentiments," which explores the nature of human morality and sympathy.

Smith's ideas have had a profound impact on modern economics, politics, and philosophy, and he is often referred to as the father of modern economics. He is celebrated in Scotland and beyond as one of the country's most important thinkers and has been commemorated with statues, museums, and other memorials.