Adam Smith
- January 4, 2024
- Economist
Quick Facts
| Full Name | Adam Smith |
| Occupation | Economist |
| Date Of Birth | Jun 5, 1723(1723-06-05) |
| Age | 301 |
| Date Of Death | July 17, 1790, Panmure House, Edinburgh, United Kingdom |
| Birthplace | Scotland |
| Country | United Kingdom |
| Horoscope | Gemini |
Adam Smith Biography
| Name | Adam Smith |
| Birthday | Jun 5 |
| Birth Year | 1723 |
| Place Of Birth | Scotland |
| Birth Country | United Kingdom |
| Birth Sign | Gemini |
| Children(s) | David Anne, Cecilia Margaret |
Adam Smith is one of the most popular and richest Economist who was born on June 5, 1723 in Scotland, United Kingdom. Economist and philosopher frequently credited as the father of capitalism. His 1776 work, The Wealth of Nations, helped influence modern economics and offers one of the world’s first collected descriptions of what builds a nations’ wealth.
Margaret Thatcher carried his book, The Wealth of Nations, in her purse.
His parents were Margaret Douglas and Adam Smith, Sr. Smith was close with his mother.
Adam Smith Net Worth
| Net Worth | $5 Million |
| Source Of Income | Economist |
| House | Living in own house. |
Adam Smith is one of the richest Economist from United Kingdom. According to our analysis, Wikipedia, Forbes & Business Insider, Adam Smith 's net worth $5 Million. (Last Update: December 11, 2023)
He was very critical of the confining nature of Oxford, where he was one of the first students to attain a scholarship.
He met with Benjamin Franklin while he was living in Paris and was very affected by his views.
Height, Weight & Body Measurements
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Who is Adam Smith Dating?
According to our records, Adam Smith is possibily single & has not been previously engaged. As of December 1, 2023, Adam Smith’s is not dating anyone.
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Facts & Trivia
Adam Ranked on the list of most popular Economist. Also ranked in the elit list of famous people born in United Kingdom. Adam Smith celebrates birthday on June 5 of every year.
What is the Adam Smith's theory?
The central thesis of Smith’s The Wealth of Nations is that our individual need to fulfill self-interest results in societal benefit , in what is known as his “invisible hand”.
What is Adam Smith best known for?
Adam Smith is known primarily for a single work— An Inquiry into the Nature and Causes of the Wealth of Nations (1776), the first comprehensive system of political economy—which included Smith’s description of a system of market- determined wages and free rather than government-constrained enterprise, his system of “ …
What is Adam Smith's most famous theory?
Much of modern economic theory is rooted in Smith’s ideas; he’s often known as the father of economics. In one of his most famous concepts, the invisible hand theory , Smith argues that individuals looking out for themselves (rather than government) ends up doing a better job deciding what people should produce.
Why is Adam Smith the father of economics?
Adam Smith is called the father of economics for his work on The Wealth of Nations , which he published in 1776.
What are Adam Smith's three laws of economics?
Adam Smith’s 3 laws of economics are Law of demand and Supply, Law of Self Interest and Law of Competition. As per these laws, to meet the demand in a market economy, sufficient goods would be produced at the lowest price, and better products would be produced at lower prices due to competition.