Scottish economist who advocated private enterprise and free trade (1723-1790)
Considered the founding father of economics, Adam Smith wrote The Wealth of Nations, published in 1776. His most famous concept was that markets guide economic activity and act like an "invisible hand" - allocating resources through prices, which rise when there is a shortage of a commodity and fall when it is plentiful.
a Scottish economist who argued that markets, not governments, should regulate the economic relationship among people; an early advocate of freer trade, he wrote An Inquiry into the Nature and Causes of Wealth of Nations
considered the father of modern economics or the father of capitalism. His book, The Wealth of Nations, published in 1776, described the beginnings of the free enterprise system
Adam Smith (baptized June 5, 1723 O.S. / June 16 N.S. – July 17, 1790) was a Scottish moral philosopher and a pioneering political economist. One of the key figures of the intellectual movement known as the Scottish Enlightenment, he is known primarily as the author of two treatises: The Theory of Moral Sentiments (1759), and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter was one of the earliest attempts to systematically study the historical development of industry and commerce in Europe, as well as a sustained attack on the doctrines of mercantilism.
David Adam Smith (born June 15, 1965), American politician, has been a Democratic member of the United States House of Representatives since 1997, representing the Ninth Congressional District of Washington.
Adam Smith is an American politician and farmer from Kentucky. In the 2004 election, he campaigned as a Democrat for a seat in the House of Representatives representing Kentucky's second congressional district, losing to the incumbent by 68 percent of the vote to 32 percent. His campaign was widely considered to be futile; in the 2002 election, his opponent, Republican incumbent Ron Lewis, won 69 percent to 29 percent.
