Adam Smith

Adam Smith (1723-1790) was a Scottish economist and philosopher, best known for his seminal work "The Wealth of Nations" (1776), which laid the foundations for modern economic theory. Born in Kirkcaldy, Fife, Smith attended the University of Glasgow and later Oxford University. In 1759, he published "The Theory of Moral Sentiments," which explored human ethics and sympathy. Smith's tenure as a professor at the University of Glasgow from 1751 to 1764 was marked by his influential lectures on rhetoric and jurisprudence. His work "The Wealth of Nations" introduced concepts such as the division of labor and the 'invisible hand' guiding free markets. Smith died in Edinburgh in 1790, leaving a profound mark on economic thought.