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Adam Smith

In eighteenth century England, one would know of a man by

the name of Adam Smith and be marveled by his theories and

philosophies. Early on in Smith's life he was noted for being an

intelligent child which lead him to go to Oxford at the age of

seventeen on a scholarship. Here the foundation of his future

began, the teachers at Oxford were reluctant and thus Smith found

himself reading whatever he chose including a questionable work

of David Hume, A Treatise of Human Nature, which ends up being an

influence on him. He remained at Oxford for six years,

graduated, and then moved on to the University of Glasgow, where

although many of his actions were often disapproved of, he was

Already known for his scholarly achievements, well educated

although a self-taught graduate of Oxford, and his absentminded

persona, his first book The Theory of Moral Sentiments greatly

increased his notoriety. The theory that he introduced about

human self-interest and moral judgment attracted much interest

and debate. He proposed that humans being selfish creatures are

capable of moral judgment only due to their ability of placing

themselves in the objective view of the third-person. The


nation, from hand to hand, replenishing the body social like the

The law that drives society to grow to this wonderful

demand for the product goes down, the wages will become low in

individual self-interest does not ruin the economy by resulting

masterpiece. He doesn't focus on any one class or side, but

why high prices occur and how they are brought back to balance,

product, therefore any individual cannot raise the prices above a

is high, the wages will be higher in that field because there is

and theories of those before him as he also mentioned over a



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Approximate Word count = 1556
Approximate Pages = 6 (250 words per page double spaced)


  

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