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
The law of self-interest, the law of competition, and the law of supply and demand were the three laws of economics written by Adam Smith. The Bottom Line Smith is also known for creating the concept of gross domestic product (GDP) and for his theory of compensating wage differentials. Ac...
Learn about Adam Smith and his books and beliefs about economics and economic theory, including capitalism. Discover Smith's concept of the...
Adam Smith's The wealth of nations : a modern-day interpretation of an economic classic Published in 1776, Adam Smith's The Wealth of Nations was the first comprehensive treatment of political economy. Today it is considered one of the most influential books ever written and its author is reg...
Several of the philosophers, indeed, are said to have died in this manner; but their lives have been so very foolishly written, that very little credit is due to the greater part of the tales which are told of them. Three different accounts have been given of the death of Zeno the ...
The Wealth of Nations: Books 1-3 国富论 Adam Smith‘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’With this landmark treatise on political economy, Adam Smith paved the way for modern ...
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Smith’s books sold well in his lifetime; in the decades after his death, some of his policies, including free trade, gained ground in Britain. The chapter written by Jerry Evensky, professor of economics at Syracuse University, delves into The Wealth of Nations. He explains that Smith ...
Smith, who never married, was described as an odd-looking man, with a large nose, bulging eyes, a protruding lower lip, a nervous twitch, and a speech impediment. Smith described himself as a beau in nothing but his books. Smith rarely sat for portraits, so almost all depictions of him...