Adam smith, died

July 17th , 1790

Adam Smith FRSA (baptized 16 June [O.S. 5 June] 1723 – 17 July 1790) was a Scottish[a] economist and philosopher who was a pioneer of political economy and key figure during the Scottish Enlightenment.

Also known as “The Father of Economics” or “The Father of Capitalism”, he wrote two classic works, The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776).

The latter, often abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics. In his work, Smith introduced his theory of absolute advantage.

More From This Day

calendar 1895

Race to the North

July 17, 1895

calendar 1884

Louise Gavan Duffy, born

July 17, 1884

calendar 1879

Séamus O'Sullivan, born

July 17, 1879

calendar 1871

John Miller Andrews, born

July 17, 1871

calendar 1846

John McLure, born

July 17, 1846

calendar 1695

Bank of Scotland, opened

July 17, 1695

calendar 1555

Richard Carew, born

July 17, 1555

calendar 1221

Geoffrey de Marisco, resigns

July 17, 1221

Related Countries

blog Scotland

WW1 posters

WW1 posters

blog Scotland

ladies from hell

ladies from hell

blog Scotland

great highland bagpipes

Scottish Great Highland Bagpipes

blog Scotland

scottish small pipes

scottish small pipes

calendar Scotland

Henry McLeish resigned as Scotlands First Minister

November 08, 2001

calendar Scotland

Naomi Mitchison, prolific Scottish writer, died

January 11, 1999

calendar Scotland

Election for the new Scottish Parliament

May 06, 1999

calendar Scotland

Scottish Parliament on The Mound, Edinburgh

July 01, 1999

No related content found.