scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 792
Adam Smith was born in Kirkcaldy Fife Scotland His exact date of his birth isunknown but he was baptized on June 5 1723 At the age of fifteen Smith beganattending Glasgow University where he studied moral philosophy In 1748 he began givinglectures in Edinburgh where he discussed rhetoric and later he began to discuss theeconomic philosophy of the simple system of natural liberty which he later proclaimed inhis Inquiry into Nature and Causes of the Wealth of Nations In 1751 Smith was appointed professor of logic at Glasgow universitytransferring in 1752 to the chair of moral philosophy His lectures covered the field ofethics rhetoric jurisprudence and political economy In 1759 he published his Theory ofMoral Sentiments embodying some of his Glasgow lectures This work was about thosestandards of ethical conduct that hold society together with emphasis on the generalSmith moved to London in 1776 where he published An Inquiry into the Natureand Causes of the Wealth of Nations which examined in detail the consequences ofeconomic freedom It covered such concepts as the role of self-interest the division oflabor the function of markets and the international implications of a laissez-faireeconomy The Wealth of Nations established economics as an autonomous subject andlaunched the economic doctrine of free enterprise In the western world it is the mostinfluential book on the subject When the book which has become a classic manifestoagainst mercantilism appeared in 1776 there was a strong sentiment for free trade in bothBritain and America This new feeling had been born out of the economic hardships andpoverty caused by the war but the British public and parliament still clung to mercantilismfor many years to come Smith laid the intellectual framework that explained the freemarket and still holds true today He is most often recognized for the expression theinvisible hand which he used to demonstrate how self-interest guides the most efficientuse of resources in a nations economyIn 1778 he was appointed to a post of commissioner of customs
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA