How important is Adam Smith?

Adam Smith was important because he wrote "The Wealth of Nations," which is a bible of capitalism, and he also achieved the firm comprehensive system of political economy. He was born in Scotland and was a known philosopher and political economist. He studied moral philosophy at Glasgow University. read more

Adam Smith was an 18th-century philosopher renowned as the father of modern economics, and a major proponent of laissez-faire economic policies. In his first book, "The Theory of Moral Sentiments," Smith proposed the idea of the invisible hand—the tendency of free markets to regulate themselves by means of competition, supply and demand, and self-interest. read more

Adam Smith was a Scottish social philosopher and political economist and the author of "The Wealth of Nations," considered the first book written on economics. Scottish social philosopher and political economist Adam Smith wrote The Wealth of Nations and achieved the first comprehensive system of political economy. read more