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  2. The Wealth of Nations - Wikipedia

    en.wikipedia.org/wiki/The_Wealth_of_Nations

    The Wealth of Nations. An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith (1723–1790).

  3. Adam Smith - Wikipedia

    en.wikipedia.org/wiki/Adam_Smith

    Adam Smith FRS FRSE FRSA (baptised 16 June [ O.S. 5 June] 1723 [ 1] – 17 July 1790) was a Scottish [ a] economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. [ 3] Seen by some as "The Father of Economics" [ 4] or "The Father of Capitalism", [ 5] he wrote two classic ...

  4. History of capitalist theory - Wikipedia

    en.wikipedia.org/wiki/History_of_capitalist_theory

    Adam Smith is considered the first theorist of what we commonly refer to as capitalism. His 1776 work, An Inquiry into the Nature and Causes of the Wealth of Nations, theorized that within a given stable system of commerce and evaluation, individuals would respond to the incentive of earning more by specializing their production.

  5. The Theory of Moral Sentiments - Wikipedia

    en.wikipedia.org/wiki/The_Theory_of_Moral_Sentiments

    Scotland. The Theory of Moral Sentiments is a 1759 book by Adam Smith. [1] [2] [3] It provided the ethical, philosophical, economic, and methodological underpinnings to Smith's later works, including The Wealth of Nations (1776), Essays on Philosophical Subjects (1795), and Lectures on Justice, Police, Revenue, and Arms (1763) (first published ...

  6. Paradox of value - Wikipedia

    en.wikipedia.org/wiki/Paradox_of_value

    The paradox of value (also known as the diamond–water paradox) is the contradiction that, although water is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market. The philosopher Adam Smith is often considered to be the classic presenter of this paradox, although it had already appeared ...

  7. History of economic thought - Wikipedia

    en.wikipedia.org/wiki/History_of_economic_thought

    Adam Smith's title page of The Wealth of Nations. Smith's vision of a free market economy, based on secure property, capital accumulation, widening markets and a division of labour contrasted with the mercantilist tendency to attempt to "regulate all evil human actions." [48] Smith believed there were precisely three legitimate functions of ...

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