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About ADAM SMITH

He produced two classic books, The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). He was also known as "The Father of Economics" or "The Father of Capitalism" (1776). The latter is considered his magnum opus and the first modern work of economics, and is sometimes abbreviated as The Wealth of Nations. Smith introduced his theory of absolute advantage in his book.



Smith attended the University of Glasgow and Balliol College, Oxford, where he was one of the first students to benefit from scholarships established by fellow Scot John Snell. Following his graduation, he gave a series of well-received public lectures at the University of Edinburgh, which led to him working with David Hume during the Scottish Enlightenment. Smith was appointed as a professor of moral philosophy at Glasgow, where he also composed and published The Theory of Moral Sentiments. Later in life, he obtained a tutoring job that allowed him to travel over Europe and meet other intellectual luminaries of the day.

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