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In 1751, Smith earned a professorship at Glasgow University teaching logic courses, and in 1752, he was elected a member of the Philosophical Society of Edinburgh, having been introduced to the society by Lord Kames. When the head of Moral Philosophy in Glasgow died the next year, Smith took over the position. [28]
Jun 15, 2024 · 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 political economy.
Dec 1, 2023 · Adam Smith (1723-1790) was a Scottish philosopher, economist, and leading Enlightenment figure. In The Wealth of Nations, he advocates free trade and limited interference in markets by governments, for which he is seen as the founder of liberal economics.
Jun 21, 2024 · Learn about Adam Smith, the 18th-century Scottish philosopher and economist who is considered the father of modern economics. Explore his life, achievements, and contributions to the fields of moral philosophy, free markets, and GDP.
Aug 9, 2023 · Scottish social philosopher and political economist Adam Smith wrote 'The Wealth of Nations' and achieved the first comprehensive system of political economy.
Learn about the life, works, and ideas of Adam Smith, the Scottish philosopher and economist who is often considered the father of modern capitalism. Explore his theories of moral sense, sympathy, free trade, and the market as a mechanism of morality and social support.
Smith saw the main cause of prosperity as increasing division of labor. Using the famous example of pins, Smith asserted that ten workers could produce 48,000 pins per day if each of eighteen specialized tasks was assigned to particular workers. Average productivity: 4,800 pins per worker per day.
