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Adam Smith Biography

            Adam Smith is the most influential political economist of all time. His ideas that were generated in the eighteenth century are still utilized even today. No economist writings have been more read than Smith's writing. He wrote many pieces but none are more acknowledged than The Wealth of Nations, which has become identified as the "economist Bible." Smith's ideas laid the foundation of the Industrial Revolution in the nineteenth century. Adam wrote during a period of economic decline with bad crops and industry that was right before the economic boom in England. The central argument that built around with most of his writings was that do what is best for yourself and it will caring over to the society without you knowing it. With that he describes that there is a "Invisible Hand" is not see but it channels the economy to the right direction. From his idea of competition and division of labor, Adam Smith has not been forgotten even today.
             In 1723, Adam Smith was born in the small fishing village Kirkcaldy, Scotland. When he was abducted by and band of gypsies but was recovered days later. When he was fourteen he entered into the University of Glasgow, there Francis Hutcheson mentored him. Three years later Adam won a scholarship and attended Balliol College, Oxford. For seven years there he was in intellectual isolation and was almost expelled for having banned work in his room. During those seven years he self-instructed with very few teachers. From Balliol College he gained knowledge of classic Greek and Roman writing. In his twenties, Smith, arranged to give a series of public lectures in Edinburgh. In 1751, he was offered the chair of logic at Glasgow University. A year later he transferred to the professor of moral philosophy and taught political economics, ethics and natural theology. These years Smith described them as "By far the happiest and most honourable period of my life." Where he lectured five days a week and later in 1758 became dean of Glasgow University.


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