What is the importance of Adam Smith?

About Adam Smith. Eamonn Butler's Condensed Wealth of Nations, which includes a section on The Theory of Moral Sentiments, is available to download here. Why Adam Smith is important. read more

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. read more

Adam Smith is considered the “founder” of modern economic thought. His seminal work, “Wealth of Nations”, is thought to be a valuable contribution to macroeconomic thought. However, there are other economic thinkers prior to and after Adam Smith, that were impactful to the body of knowledge of Economics. read more