Topics: Economics, Adam Smith, Capitalism Pages: 2 (558 words) Published: December 7, 2013
Adam Smith
I.Adam Smith was born in a small village in Kirkcaldy, Fife, Scotland. The date of his birth is unknown, but the recorded date of his baptism is June 5, 1723. Growing up, Smith was close to his mother, she’s the one that encouraged his scholarly desire. At the age of fourteen he went to the University of Glasgow, later he went to Balliol college in Oxford, England. Smith spent his years teaching, mentoring, and publishing some of his lectures in The Theory of Moral Sentiments. This work talks about how human morals rely on understanding between agent and spectator. When smith graduated he started a tutor tour across Europe. Adam smith died on July 17, 1790 from a painful illness, but it’s unknown what he died from. II.There isn’t much known about Adam Smith’s personal reviews besides what he says in his published works. He never married, and all of his personal papers and documents were destroyed after his death as one of his last requests. In many of his biographies he is described as “absent-minded”. This is due to the fact that he had odd habits, he talked to himself, from time to time he would have imaginary illness. Many described him as a “different looking man, who had protruding lower lip, bulging eyes, had a large nose, had a speech impediment, and a nervous twitch.”. III.The religious beliefs of Adam Smith are a big intellectual debate due to the fact that no one knows what his belief was. Many believe he was Christian due to his father’s strong belief in Christianity. There is another theory that he was a deist, because in his works he never really talks about God and how he is in people’s everyday lives. Adam Smith is often called “The Founding Father of Economics”. His actions of free trade, the division general structure of the market, all symbolize the turning point in economics. Adam Smith argued the government should limit itself to “three tasks”. First it should maintain a defense against foreign assault, second it should have...
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