Adam Smith

Who is Adam Smith

An influential character during the Scottish Enlightenment, Adam Smith was a Scottish economist and philosopher who was a pioneer in the concept of political economy. He was also an important player throughout the time period. His two seminal publications, The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776), garnered him the title of “The Father of Economics” or “The Father of Capitalism” by a number of individuals. The latter, which is frequently shortened to “The Wealth of Nations,” is widely regarded as his major achievement. It is also the first modern work that approaches economics as both an all-encompassing system and an academic field. Instead than attempting to explain the distribution of wealth and power in terms of God's will, Smith makes an appeal to natural, political, social, economic, legal, environmental, and technological variables, as well as the interactions that occur between these aspects. A number of different economic ideas were presented in this text, one of which being Smith's concept of absolute advantage.

How you will benefit

(I) Insights about the following:

Chapter 1: Adam Smith

Chapter 2: Classical liberalism

Chapter 3: David Ricardo

Chapter 4: Economics

Chapter 5: Scottish Enlightenment

Chapter 6: Laissez-faire

Chapter 7: Arthur Cecil Pigou

Chapter 8: Classical economics

Chapter 9: Invisible hand

Chapter 10: The Theory of Moral Sentiments

Chapter 11: The Wealth of Nations

Chapter 12: Productive and unproductive labour

Chapter 13: James Otteson

Chapter 14: Semyon Desnitsky

Chapter 15: The Fable of the Bees

Chapter 16: History of economic thought

Chapter 17: EconTalk

Chapter 18: British philosophy

Chapter 19: Adam Smith School of Economics and Finance

Chapter 20: Perspectives on capitalism by school of thought

Chapter 21: Marxian economics

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information about Adam Smith.