Adam Smith, who is considered the father of capitalism, was born in Scotland in 1723. After turning
fifteen, he attended Glasgow University, where he studied moral philosophy. Two years later he proce
eded on to Balliol College. While in Edinburgh, he began giving public lectures. In 1751, he was nam
ed professor of logic at Glasgow, and then appointed chairman of moral philosophy a year later. He l
ectured on such topics as ethics, rhetoric, jurisprudence, and political economy, also known as "pol
ice and revenue". Theory of Moral Sentiments, which he published in 1759, contained some of his lect
ures from Glasgow. This book stressed the general harmony of human motives and activities under a be
neficent destiny. He published his most famous work, The Wealth of Nations, in 1776. Its emphasis wa
s more on a general theme of "the invisible hand", which supported harmony of interests, and free tr
ade. Nevertheless, people were not convinced of the advantages of free trade immediately. The Wealth
of Nations was the first and most important of all books written on the subject of political econom
ics. After traveling abroad, he settled down in Edinburgh, where he was the commissioner of customs.
He died here from a painful illness on July 17, 1790. It was later found that he had given a large
sum of his income to charity. Smith had all his manuscripts destroyed shortly before his death. adam
smith considered father capitalism born scotland after turning fifteen attended glasgow university
where studied moral philosophy years later proceeded balliol college while edinburgh began giving pu
blic lectures named professor logic glasgow then appointed chairman moral philosophy year later lect
ured such topics ethics rhetoric jurisprudence political economy also known police revenue theory mo
ral sentiments which published contained some lectures from glasgow this book stressed general harmo
ny human motives activities under beneficent destiny published most famous work wealth nations empha
sis more general theme invisible hand which supported harmony interests free trade nevertheless peop
le were convinced advantages free trade immediately wealth nations first most important books writte
n subject political economics after traveling abroad settled down edinburgh where commissioner custo
ms died here from painful illness july later found that given large income charity smith manuscripts
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