{ "content": "

Adam-Smith<\/a><\/h1>

Adam-Smith<\/a> (1723–1790) was a preeminent Scottish<\/a> Economist<\/a> and Philosopher<\/a>, widely acknowledged as the architect of modern Capitalism<\/a>. His seminal work, The-Wealth-of-Nations<\/a>, published in 1776, revolutionized the study of Political-Economy<\/a> by analyzing the relationship between commerce and government. Smith's theories on the Division-of-Labor<\/a> and the Invisible-Hand<\/a> remain cornerstones of Classical-Economics<\/a>.<\/p>

Before his economic contributions, Smith published The-Theory-of-Moral-Sentiments<\/a> in 1759, which examined the psychological basis of Ethics<\/a> and the role of sympathy in human interaction. He was a leading figure of the Scottish-Enlightenment<\/a> and maintained a lifelong friendship with the philosopher David-Hume<\/a>. According to the Stanford Encyclopedia of Philosophy<\/a>, Smith's work influenced thinkers ranging from David-Ricardo<\/a> to Karl-Marx<\/a>. He held a professorship at the University-of-Glasgow<\/a> and later served as a commissioner of customs. Additional historical context is available at the Adam Smith Institute<\/a>.<\/p>