Adam Smith
Adam Smith (1723-1790)
Adam Smith (1723–1790), Scottish moral philosopher, lecturer, and key figure in the history of economic thought, is celebrated as the author of The Wealth of Nations (1776), a groundbreaking work often described as the cornerstone of modern economics. Born in Kirkcaldy, he studied at the University of Glasgow and later at Oxford, before holding a professorship in logic and moral philosophy. Smith developed influential concepts such as the division of labor, free markets, and the "invisible hand," which continue to shape economic theory and practice worldwide.
