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economist
Leabharlann Baidu
Brief Introduction
• Adam Smith (1723 –1790) • Scottish moral philosopher • pioneer of political economist
• Moral philosopher: wrote and
published The Theory of Moral Sentiments.
• Staying in Geneva • Smith came to know intellectual leaders such as Benjamin Franklin, Turgot.
Personality and
1. never married
Beliefs
2. have maintained a close relationship with his mother (Oedipus Complex)
Conflict
• The theory of the Theory of Moral Sentiments
emphasizes sympathy for others.
• The theory of The Wealth of Nations
focuses on the role of self-interest.
Teaching Career
• Smith began delivering public lectures in 1748 at Edinburgh .
• His lecture topics included a topic ”the progress of opulence”, it was the first expounded his economic philosophy of "the obvious and simple system of natural liberty"
• The Wealth of Nations, one of the earliest attempts to study the rise
of industry and commercial development in Europe, was a precursor
to the modern academic discipline of economics.
Adam Smith
• Brief Introduction • Early Life • Teaching Career • Tutoring And Travels • Personality and Beliefs • Published Works • A symbol of free market
• While Smith was not very good at public speaking, his lectures met with success.
Tutoring and Travels
• Smith first traveled as a tutor to Toulouse, France, where he stayed for a year and a half. • wrote to Hume(Scottish philsospher,economist and historian) that he "had begun to write a book in order to pass away the time".
• He was wary of businessmen and argued against the formation of monopolies.
• Smith also believed that a division of labor would affect a great increase in production.
A symbol of free market economist
• Greenspan continues that The Wealth of Nations
was "one of the great achievements in human intellectual history”.
• He even states that monarchs should be provided for in a greater fashion than magistrates of a republic because "we naturally expect more splendor in the court of a king than in the mansion-house of a doge."
• Political Economist: travel throughout Europe
• spent years writing The Wealth of Nations, publishing it in 1776
Early Life
• born to Margaret Douglas at Kirkcaldy, Fife, Scotland.
4. He was known to talk to himself
The Wealth of
Nation
• the Wealth of Nations expounds that the free market, while
appearing chaotic and unrestrained, is actually guided to produce the right amount and variety of goods by a so-called "invisible hand".
• About his father • died six months before Smith was born
• About his mother • Smith was close to his mother
• attended to a school which was ”one of the best secondary schools of Scotland at that period”-from 1729 to 1737.
• In addition, he was in favor of retaliatory tariffs and believed that they would eventually bring down the price of goods. He even stated in Wealth of Nations, "The recovery of a great foreign market will generally more than compensate the transitory inconvenience of paying dearer during a short time for some sorts of goods."
3. described as a prototypical absent-minded professor
is considered by historians to have been an eccentric but benevolent intellectual, comically absent-minded, with peculiar habits of speech, and a smile of "inexpressible benignity".
Leabharlann Baidu
Brief Introduction
• Adam Smith (1723 –1790) • Scottish moral philosopher • pioneer of political economist
• Moral philosopher: wrote and
published The Theory of Moral Sentiments.
• Staying in Geneva • Smith came to know intellectual leaders such as Benjamin Franklin, Turgot.
Personality and
1. never married
Beliefs
2. have maintained a close relationship with his mother (Oedipus Complex)
Conflict
• The theory of the Theory of Moral Sentiments
emphasizes sympathy for others.
• The theory of The Wealth of Nations
focuses on the role of self-interest.
Teaching Career
• Smith began delivering public lectures in 1748 at Edinburgh .
• His lecture topics included a topic ”the progress of opulence”, it was the first expounded his economic philosophy of "the obvious and simple system of natural liberty"
• The Wealth of Nations, one of the earliest attempts to study the rise
of industry and commercial development in Europe, was a precursor
to the modern academic discipline of economics.
Adam Smith
• Brief Introduction • Early Life • Teaching Career • Tutoring And Travels • Personality and Beliefs • Published Works • A symbol of free market
• While Smith was not very good at public speaking, his lectures met with success.
Tutoring and Travels
• Smith first traveled as a tutor to Toulouse, France, where he stayed for a year and a half. • wrote to Hume(Scottish philsospher,economist and historian) that he "had begun to write a book in order to pass away the time".
• He was wary of businessmen and argued against the formation of monopolies.
• Smith also believed that a division of labor would affect a great increase in production.
A symbol of free market economist
• Greenspan continues that The Wealth of Nations
was "one of the great achievements in human intellectual history”.
• He even states that monarchs should be provided for in a greater fashion than magistrates of a republic because "we naturally expect more splendor in the court of a king than in the mansion-house of a doge."
• Political Economist: travel throughout Europe
• spent years writing The Wealth of Nations, publishing it in 1776
Early Life
• born to Margaret Douglas at Kirkcaldy, Fife, Scotland.
4. He was known to talk to himself
The Wealth of
Nation
• the Wealth of Nations expounds that the free market, while
appearing chaotic and unrestrained, is actually guided to produce the right amount and variety of goods by a so-called "invisible hand".
• About his father • died six months before Smith was born
• About his mother • Smith was close to his mother
• attended to a school which was ”one of the best secondary schools of Scotland at that period”-from 1729 to 1737.
• In addition, he was in favor of retaliatory tariffs and believed that they would eventually bring down the price of goods. He even stated in Wealth of Nations, "The recovery of a great foreign market will generally more than compensate the transitory inconvenience of paying dearer during a short time for some sorts of goods."
3. described as a prototypical absent-minded professor
is considered by historians to have been an eccentric but benevolent intellectual, comically absent-minded, with peculiar habits of speech, and a smile of "inexpressible benignity".