Adam Smith

Biography

Although the exact date of Smith's birth is unknown, his baptism was recorded on 16 June 1723 at Kirkcaldy.

A Scottish moral philosopher and a pioneer of political economy.

One of the key figures of the Scottish Enlightenment, Smith is the author of The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations.

The latter, usually abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics.

Adam Smith is widely cited as the father of modern economics.

For other authors of this name, see Adam Smith.

Country
Canada
Gender
Male
Education
Lycée François-Ier
Place of birth
Kirkcaldy
Birth date
28 December 1903
Member of
Royal Society of Edinburgh
Nationality
Canadian

  • Fellow of the Royal Society
  • Fellow of the Royal Society of Arts

  • Educated at Greenfaulds High School, Cumbernauld.
  • Trained as a Journalist at Glasgow Metropolitan College after leaving school.
  • Served as producer on "The 1 Second film".
  • Served as producer on "Invasion Of The Not Quite Dead".
  • (April 2008) Filming another two episodes of River City. Also filming a new BBC murder mystery called "New Town" with Mark Gatiss and Omid Djalili.
  • (May 2008) Filming scenes near Inverary for Norwegian war movie "Max Manus", playing an army corporal.
  • (June 2008) After a successful audition for the new "Subway" Commercial, filming has just taken place in Glasgow.
  • (August 2006) Just outside Inverary, north-west Scotland, filming "The Waterhorse".
  • Voted Best Director by readers of Doctor Who Magazine for his work on the 2010 season.
  • Ranking member, U.S.

  • Civil government, so far as it is instituted for the security of property, is in reality instituted for the defense of the rich against the poor, or of those who have some property against those who have none at all.
  • The great source of both the misery and disorders of human life, seems to arise from over-rating the difference between one permanent situation and another. Avarice over-rates the difference between poverty and riches: ambition, that between a private and a public station: vain-glory, that between obscurity and extensive reputation.
  • There is a great deal of ruin in a nation.
  • Science is the great antidote to the poison of enthusiasm and superstition.
  • Public services are never better performed than when their reward comes only in consequence of their being performed, and is proportioned to the diligence employed in performing them.
  • The natural effort of every individual to better his own condition, when suffered to exert itself with freedom and security, is so powerful a principle, that it is alone, and without any assistance, not only capable of carrying on the society to wealth and prosperity, but of surmounting a hundred impertinent obstructions with which the folly of human laws too often encumbers its operations,No apprenticeship has ever been thought necessary to qualify for husbandry, the great trade of the country. After what are called the fine arts, and the liberal professions, however, there is perhaps no trade which requires so great a variety of knowledge and experience.
  • The man whose whole life is spent in performing a few simple operations, of which the effects are perhaps always the same, or very nearly the same, has no occasion to exert his understanding or to exercise his invention in finding out expedients for removing difficulties which never occur. He naturally loses, therefore, the habit of such exertion, and generally becomes as stupid and ignorant as it is possible for a human creature to become.
  • In regards to the price of commodities, the rise of wages operates as simple interest does, the rise of profit operates like compound interest. Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods.
  • All money is a matter of belief.
  • No society can surely be flourishing and happy of which by far the greater part of the numbers are poor and miserable.

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