Adam Smith was a Scottish philosopher, he was born on June 16, 1723 Kirkcaldy England.
He attended School, where he studied Latin, ma
thematics, history and writing. He attended University when he was 14 and in 1740 he went to Oxford.
In 1748, he gave lots of public lectures at the university of Edinburgh.
He also made a friend named David Hume.
In 1759, Adam smith published the theory of moral sentiments.
Because of this, he became the tutor of a future duke. He traveled with him to France and met people such as Benjamin franklin.
In 1776, Smith published An inquiry in to the nature and causes of the wealth of nations. It is a book about politics. It describes how we are guided by an invisible hand.
Because of the book, smiths reputation was great. He became rector to the university of Glasgow in 1787. Sadly, he died 3 years later. He was 67
DEFINITIONS:
Supply and demand=the amount of things
available and who wants it, price
Laissez faire = Letting things take place naturally without disturbing it
Division of labor= assignment of work for better efficiency
The websites I used are Wikipedia and bio.com these websites are both good.But I prefer bio.com. The Wikipedia didn’t have much on his early life. And it was a little too confusing. Bio had lots of info. and it was easy to understand.
