janngeor zelimyr vallonia
Author Metcalfe
Poverty was the acceptable norm for the majority of people in a society based on mercantilism, who had little choice in the destination of their life or their contribution towards society in the latter part of the 18th century. With local guilds dictating the production and distribution of such necessities as wool, textiles, and grains, market competition was non-existent. In his groundbreaking work The Wealth of Nations, published the same year as the American Revolution, Smith soundly examines industry, commerce, and the concept of and benefits of free enterprise. Another oft quoted passage is;
Adam Smith was born on 5 June, 1723 in Kirkaldy, county Fife, located on the Firth of Forth in Scotland, the son of writer and lawyer Adam Smith, and Margaret Douglas. His father died soon after he was born, so he was raised solely by his widowed mother. He attended Glasgow and Oxford universities before accepting the position as professor of moral philosophy at Glasgow in 1752. He discusses the foundation of society's ethical conduct in Theory of Moral Sentiments (1759);
A popular lecturer, Smith also wrote many essays and articles on such diverse topics as literature, justice, health, and welfare. In 1764 he left Glasgow to accompany the Duke of Buccleuch on his travels through Europe as his tutor. Upon his return he started work on The Wealth of Nations which would resound for decades to come and affect changes for contemporary economic policy in the Western world. In 1778 he settled in Edinburgh, Scotland as Commissioner of Customs. Five years later he was a founding member of the Royal Society of Edinburgh. He died on 17 July 1790 and lies buried in the Canongate Churchyard, Royal Mile, Edinburgh, Scotland.
Although nobody knows exactly when he was born, his birth was registered on 5 June 1723, so assuming he was registered a couple of days after the birth, today would be his 283rd birthday !Shortly before adam smith was born, his father died, leaving just the mother raise him, but throughout Smith's life, he remained committed to his widowed mother, and never married.At around the age of four, he was kidnapped by a band of Gypsies, however he was quickly rescued by his uncle and returned to his mother - other than this, Smith's early life was rather normal!By fourteen, he was studying moral philosophy and mathematics at ...
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