Adam Smith

was one of the central thinkers of ethics and economic theory during the age of Enlightment. Born in Scotland, he taught moral philosophy in Glasgow and developed theories about the laws of the market that can be understood as the foundations of modern economics. Strongly influenced by David Hume, he departed from the observation of sympathy between humans to understand the development of moral values and, later on, the development of economic acting. The principles of economic actings is what he later on describes in his famous book on the wealth of nations.


Some Central Works

  • Theory of moral sentiments;
  • Inquiry into the nature and the causes of the wealth of nations

The ideas of Adam Smith influenced the following concepts: