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Adam Smith

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Submitted By tere1391
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Adam Smith: A Scottish philosopher and economist, who was born in 1723. In his early years he studied philosophy in a university. In this university he learned the Greek. He was greatly influenced by a philosophy teacher named Francis. He graduated at seventeen with a scholarship that facilitated him to continue studying in Oxford University's Balliol College. Adam was a reserved individual and had the opportunity to meet with influential people along his life. He also enjoyed reading books in his free time and learn many things. He became the first political economist the world had known. He later became a professor of Logic; his students loved him and his work.
As of today in the U.S economy Adam Smith would be deeply troubled about financial sectors and consolidation. He differed in many ways from an economist nowadays. At those times he didn’t earn a PhD because it didn’t exist. He wasn’t a trained economist either but he studied and had what it took him to become who he now is. Adam Smith would be happy to see the livings standards that we are living today. The rapid industrialization in many parts of the world would also be important for him since years ago workers would work many hours a day and earning way less than they deserved. In those years the working conditions weren’t as they are now. The places were industrial workers were unsafe and had few protections that put their lives at risk. He believed in a system that encourages individuals to pursue their self interest.

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