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Adam Smith FRSA (1. Cult Cartoon Clips Mia. June 1. 72. 3 NS (5 June 1. OS) – 1. 7 July 1. Scottish economist, philosopher, and author.

He was a moral philosopher, a pioneer of political economy, and was a key figure during the Scottish Enlightenment era.[2] He is best known for two classic works: The Theory of Moral Sentiments (1. An Inquiry into the Nature and Causes of the Wealth of Nations (1. The latter, usually abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics.[3].

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Smith studied social philosophy at the University of Glasgow and at Balliol College, Oxford, where he was one of the first students to benefit from scholarships set up by fellow Scot, John Snell. After graduating, he delivered a successful series of public lectures at Edinburgh, leading him to collaborate with David Hume during the Scottish Enlightenment. Smith obtained a professorship at Glasgow teaching moral philosophy, and during this time he wrote and published The Theory of Moral Sentiments. In his later life, he took a tutoring position that allowed him to travel throughout Europe, where he met other intellectual leaders of his day. Smith laid the foundations of classical free market economic theory. The Wealth of Nations was a precursor to the modern academic discipline of economics.

In this and other works, he developed the concept of division of labour, and expounded upon how rational self- interest and competition can lead to economic prosperity. Smith was controversial in his own day and his general approach and writing style were often satirised by Tory writers in the moralising tradition of William Hogarth and Jonathan Swift. In 2. 00. 5, The Wealth of Nations was named among the 1. Best Scottish Books of all time.[4] The minor planet 1. Adamsmith was named in his memory.[5]. Smith entered the University of Glasgow when he was fourteen and studied moral philosophy under Francis Hutcheson.[1. Here, Smith developed his passion for liberty, reason, and free speech.

In 1. 74. 0 Smith was the graduate scholar presented to undertake postgraduate studies at Balliol College, Oxford, under the Snell Exhibition.[1. Adam Smith considered the teaching at Glasgow to be far superior to that at Oxford, which he found intellectually stifling.[1. In Book V, Chapter II of The Wealth of Nations, Smith wrote: "In the University of Oxford, the greater part of the public professors have, for these many years, given up altogether even the pretence of teaching." Smith is also reported to have complained to friends that Oxford officials once discovered him reading a copy of David Hume's Treatise on Human Nature, and they subsequently confiscated his book and punished him severely for reading it.[9][1.

According to William Robert Scott, "The Oxford of [Smith's] time gave little if any help towards what was to be his lifework."[1. Nevertheless, Smith took the opportunity while at Oxford to teach himself several subjects by reading many books from the shelves of the large Bodleian Library.[1.

When Smith was not studying on his own, his time at Oxford was not a happy one, according to his letters.[1. Near the end of his time there, Smith began suffering from shaking fits, probably the symptoms of a nervous breakdown.[1. He left Oxford University in 1. Following the publication of The Theory of Moral Sentiments, Smith became so popular that many wealthy students left their schools in other countries to enroll at Glasgow to learn under Smith.[2. After the publication of The Theory of Moral Sentiments, Smith began to give more attention to jurisprudence and economics in his lectures and less to his theories of morals.[2.

For example, Smith lectured that the cause of increase in national wealth is labour, rather than the nation's quantity of gold or silver, which is the basis for mercantilism, the economic theory that dominated Western European economic policies at the time.[2. In 1. 76. 6, Henry Scott's younger brother died in Paris, and Smith's tour as a tutor ended shortly thereafter.[3. Smith returned home that year to Kirkcaldy, and he devoted much of the next ten years to his magnum opus.[3. There he befriended Henry Moyes, a young blind man who showed precocious aptitude.

As well as teaching Moyes, Smith secured the patronage of David Hume and Thomas Reid in the young man's education.[3. In May 1. 77. 3, Smith was elected fellow of the Royal Society of London,[4. Literary Club in 1.

The Wealth of Nations was published in 1. In 1. 77. 8, Smith was appointed to a post as commissioner of customs in Scotland and went to live with his mother in Panmure House in Edinburgh's Canongate.[4. Five years later, as a member of the Philosophical Society of Edinburgh when it received its royal charter, he automatically became one of the founding members of the Royal Society of Edinburgh,[4. Lord Rector of the University of Glasgow.[4. He died in the northern wing of Panmure House in Edinburgh on 1. July 1. 79. 0 after a painful illness and was buried in the Canongate Kirkyard.[4. On his death bed, Smith expressed disappointment that he had not achieved more.[4.

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