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This is an accepted version of this page This is the latest accepted revision, reviewed on 13 February 2025. Scottish economist and philosopher (1723–1790) This article is about the Scottish economist and philosopher. For other people named Adam Smith, see Adam Smith (disambiguation). Adam Smith FRS FRSE FRSA Posthumous Muir portrait, c. 1800 Born c. 16 June [O.S. c. 5 June] 1723 Kirkcaldy ...
David Adam Smith [1] (born June 15, 1965) [2] is an American politician and retired attorney serving as the U.S. representative for Washington's 9th congressional district. A member of the Democratic Party , Smith previously served in the Washington State Senate .
Essays on Philosophical Subjects, by the Scottish economist Adam Smith, is a history of astronomy until Smith's own era, plus some thoughts on ancient physics and metaphysics. This work was published posthumously (after death), in 1795, using material which Smith had intended to publish but had not prepared at the time of his death in 1790.
The Project Gutenberg EBook of The Essays of Adam Smith, by Adam Smith (2018)\. Scroll down to the 1st work: The Theory of Moral Sentiments, ([1759] 1790, 6th ed. The Theory of Moral Sentiments at Wikisource: Searchable, free; Contains a version of this work, slightly modified for easier reading
Adam Smith is considered the first theorist of what we commonly refer to as capitalism. His 1776 work, An Inquiry into the Nature and Causes of the Wealth of Nations, theorized that within a given stable system of commerce and evaluation, individuals would respond to the incentive of earning more by specializing their production.
Adam Smith was a proponent of less government intervention in his own time, and of the possible benefits of a future with more free trade both domestically and internationally. However, in a context of discussing science more generally, Smith himself once described "invisible hand" explanations as a style suitable for unscientific discussion ...
[1] [2] The Scottish economist Adam Smith first described the principle of absolute advantage in the context of international trade in 1776, using labor as the only input. Since absolute advantage is determined by a simple comparison of labor productiveness, it is possible for a party to have no absolute advantage in anything. [3]
Lectures on Jurisprudence, also called Lectures on Justice, Police, Revenue and Arms (1763) is a collection of Adam Smith's lectures, comprising notes taken from his early lectures. It contains the formative ideas behind The Wealth of Nations .