Adam Smith

Late in the 16th and the first half of the 17th century Britain became the centre of the development of science and materialistic philosophy. It was an age of experiment and new thought changing men's ideas of the world.

АДАМ СМИТ

• One of the greatest representatives of English classical political economy was Adam Smith (1723-1790). He proclaimed to the world the economic philosophy of "the obvious and simple system of natural liberty"

АДАМ СМИТ

• The exact date of his birth is unknown, he was baptized on June 5,1723, in Kikcaldy, a small (population 1,500) but thriving fishing village near Edinburgh, the son by second marriage of
• Adam Smith, comptroller of customs at Kikcaldy, and Margaret Douglas, daughter of a substantial landowner. Of Smith's childhood nothing is known other than that he received his elementary schooling in Kirkcaldy and that at the age of four years he was said to have been
• carried off by gypsies.

•   In 1751, at the age of 27, he was  
  appointed professor of logic at Glasgow, from which post he transferred in 1752 to the more remunerative professorship of moral philosophy, a subject that embraced the related fields of natural theology, ethics, jurisprudence, and political economy. 

He proved that a country's wealth lies not in money but in the goods people use and in their skill to produce them.

АДАМ СМИТ

• Adam Smith was the first real advocate of free enterprise and free trade."... Every man as long as he does not violate the laws of justice is left perfectly free to pursue his own interest in his own way and to bring both his industry and capital with those of any other man".