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July 17:Adam Smith



Adam Smith FRSA was a Scottish economist, philosopher, and author. He was a moral philosopher, a pioneer of political economy, and was a key figure during the Scottish Enlightenment era.Wikipedia
BornJune 16, 1723, Kirkcaldy, United Kingdom
DiedJuly 17, 1790, Edinburgh, United Kingdom
Notable ideasClassical economics, modern free market, division of labour, the "invisible hand"
It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.
Science is the great antidote to the poison of enthusiasm and superstition.
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Adam Smith is known as the father of economics. Most people think of him as the archetypal free-marketeer—but he is often misquoted

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