Adam Smith

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Adam Smith Adam Smith was born in 1723 in Kirkcaldy, Scotland. When Adam turned fifteen, He attended the University of Glasgow, studying moral philosophy. At the university, he found his strong passion for free speech, reason and liberty. In 1748, Adam Smith began giving public lectures at the University of Edinburgh. In 1751 Smith Was appointed the Chair of Logic at University of
Glasgow, the next year he was appointed the Chair of Moral Philosophy, which was the position of his old teacher Francis Hutcheson. In 1759 he published The Theory of Moral Sentiments, it was embodied several of his lectures from his roles at Glasgow. Smith subsequently resigned from his professorship and from 1764­66 traveled with his pupil, mostly in France. On returning home to Kirkcaldy Smith was elected fellow of the Royal Society of London and he devoted much of the next ten years to his magnum opus. The Wealth of Nations was published on March
9, 1776. It was written for the average educated individual of the 18th century rather than for specialists and mathematicians. There are three main concepts that Adam Smith expands upon in this work that forms the foundation of free market economics: division of labour, pursuit of self interest, and freedom of trade. As for Smith?s characteristics and personal views, not much is known beyond what can be deduced from his published works. Shortly before his death, Smith had nearly all his manuscripts destroyed. In his last years he…