A SHORT BIOGRAPHY OF ADAM SMITH - Local Histories


In an age of resurgent tribalism, the global market offers—as trade has always done—an alternative script to difference as a source of conflict, and therefore tragedy. It turns difference into a form of blessing from which not only I, but others also, benefit. Adam Smith was not wrong when he invested the market with a quasi-religious significance in speaking of the ‘invisible hand’ by which our individual contributions combine to enhance the general wealth of nations. Economic virtues—hard work, inventiveness, the profit motive—have always seemed tame when set against the heroic virtues of military societies. But military societies kill. Wars destroy. Valour, courage, dying in a noble cause seem heroic from the point of view of victors, but not from their victims.

If the price of war has become too high, which it has, we will have to value the habits of trade—the only thing that—throughout history, has brought tribes and nations together, benefiting from one another and from their several and different skills. The interlinking of nations in a network of trade causes many problems to which I now turn. But it is also our last best hope for peace. Unlike the battlefield, the market is an arena in which both sides can win.

A SHORT BIOGRAPHY OF ADAM SMITH

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Adam Smith was a great philosopher and economist of the 18th century

Adam Smith was a great philosopher and economist of the 18th century. He was one of the leading figures of the Scottish Enlightenment. Adam Smith was the father of economics. Adam Smith was born in 1723 at Kirkcaldy in Scotland. (His exact date of birth is not known but he was christened on 5 June). His father was also called Adam Smith and he worked as a secretary but he died 5 months before his son was born. Adam Smith junior was brought up by his mother Margaret Smith. Adam Smith attended the local school then when he was 14 he went to Glasgow College. Adam was particularly interested in mathematics. In 1740 he went to Oxford and he spent 6 years there. In 1746 Adam Smith returned to Kirkcaldy. Then in 1748 Adam Smith began giving lectures at Edinburgh University. Finally in 1751 he moved to Glasgow where he became professor of logic. In 1752 Smith also became professor of philosophy.

Adam Smith biography, birth date, birth place and …

In 1759 Adam Smith published the first of his two great books, The Theory of Moral Sentiments. However in 1764 smith resigned from the University to become travelling tutor to the son of Charles Townsend while he was touring Europe. The tour lasted 3 years. The tour lasted 3 years and Smith returned to Scotland in 1766. In 1773 Smith was made a member of the Royal Society of London.

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