Adam Smith Quotes


The difference between the most dissimilar characters, between a philosopher and a common street porter, for example, seems to arise not so much from nature, as from habit, custom, and education.


Citations

Smith, Adam. An Inquiry into the Nature and Causes of the Wealth of Nations. Vol. 1, W. Strahan and T. Cadell, 1776, p. 19.

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Adam Smith
Adam Smith
  • Born: June 16, 1723
  • Died: July 17, 1790
  • Nationality: Scottish
  • Profession: Economist

Adam Smith FRSA was a Scottish economist, philosopher as well as a moral philosopher, a pioneer of political economy, and a key figure during the Scottish Enlightenment, also known as ''The Father of Economics'' or ''The Father of Capitalism''. Smith wrote two classic works, The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter, often abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics. In his work, Adam Smith introduced his theory of absolute advantage.