Adam Smith

Died aged c. 67

Adam Smith FRSA (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish moral philosopher, pioneer of political economy, and a key figure in the Scottish Enlightenment. He is best known for two classic works: The Theory of Moral Sentiments (1759), and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter, usually abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics. 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 2005, The Wealth of Nations was named among the 100 Best Scottish Books of all time. The minor planet 12838 Adamsmith was named in his memory.

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Commemorated on 3 plaques

Adam Smith Halls planned by Provost Michael Beveridge (1835 - 90) opened in 1899 by Andrew Carnegie in recognition of Kircaldy's greatest citizen Adam Smith (1723 - 90) author of "Wealth Of Nations"

Adam Smith Theatre, Bennochy Road, KY1 1ET, Kirkcaldy, United Kingdom where they lived near

Adam Smith 1723-1790 born in Kirkcaldy. On this site stood the home of his mother in which he lived from 1767 - 1776 and completed 'The Wealth Of Nations'. House removed 1834. His grave is in the Canongate Churchyard, Edinburgh. Erected 1953.

220 High Street, KY1 1JT, Kirkcaldy, United Kingdom where they lived (1767-1776)

In Panmure House, on the east side of this close, Adam Smith lived from 1778 to 1790.

Panmure Close, Edinburgh, United Kingdom where they lived