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Adam Smith (1723-1790)

Adam Smith

Adam Smith was a Scottish moral philosopher and a pioneering political economist. He is a major contributor to the modern perception of economics. One of the key figures of the intellectual movement known as the Scottish Enlightenment, he is known primarily as the author of two treatises: The Theory of Moral Sentiments (1759), and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter was one of the earliest attempts to study the historical development of industry and commerce in Europe. It was also an attack on the doctrines of mercantilism. Smith's work helped to create the modern academic discipline of economics and provided one of the best-known intellectual rationales for free trade, capitalism, and libertarianism.

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