Adam smith biography obrasci

Adam Smith was born on June 5th, , in Kirkcaldy, a trading center in Scotland.

From to , he was Adam Smith Professor of Political Economy at the University of Glasgow.

Smith's birthplace gave him exposure to a number of trades, including fishing, mining, iron-working, and trade. Smith also witnessed the growing popularity of foreign commodities imported from the colonies, such as tobacco and cotton, giving him further material for thought. Smith did well at school and won a scholarship in to study at the Balliol College of Oxford.

He had many criticisms of the school, some of which he addresses in The Wealth of Nations -- for instance, he discusses how incentives must be created for teachers by their students. Oxford professors were paid not by student fees, but from a large endowment, and Smith perceived a disconnect between the content of their lessons and their teaching style and the needs of their students.

Smith began his intellectual career in , when he gave a series of public lectures at the University of Edinburgh in English and the philosophy of law. These lectures primarily treated matters of opulence, belles-lettres, and rhetoric. In , he assumed a post at the University of Glasgow, as a professor of logic. It was this lecturing that provided the basis for much of Smith's later work.

In , Smith was hired as a tutor for the son of a wealthy statesman, and, with his pupil, began extensive travels of Europe.

Since before Adam Smith, economists have been concerned with development.

He used these opportunities to reflect on the interaction of culture, government, commerce, and economics, and to analyze various policy approaches and their effectiveness. Smith returned to London in After educating his pupil, Smith retired to Kirkcaldy, the city of his birth, where he began his work on The Wealth of Nations, which he devoted himself to even at the expense of his health.

During a long stay in London from to , Smith enjoyed the company of a host of other great thinkers, including Edmund Burke, Boswell, and Sir Joshua Reynolds. Smith published The Wealth of Nations in , which was translated into many languages shortly after its publication.