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| A great empire has been established for the sole purpose of raising up a nation of customers who should be obliged to buy from the shops of our different producers, all the goods with which these could supply them. |
| —Book IV, Chapter VIII. |
| Adam Smith |
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| Adam Smith |
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| 1723–90, Scottish economist, educated at Glasgow and Oxford. He became professor of moral philosophy at the Univ. of Glasgow in 1752, and while teaching there wrote his Theory of Moral Sentiments (1759), which gave him the beginnings of an international reputation. He traveled on the Continent from 1764 to 1766 as tutor to the duke of Buccleuch and while in France met some of the physiocrats and began to write An Inquiry into the Nature and Causes of the Wealth of Nations, finally published in 1776.—continue at Columbia Encyclopedia, Sixth Edition. Copyright © 2002 Columbia University Press. (See also: Introductory Note from the Harvard Classics.) |
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Pronunciation:  sm th from The American Heritage® Dictionary of the English Language, Fourth Edition. Copyright © 2000 by Houghton Mifflin Company. |
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- WORK
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- Wealth of Nations
The first complete system of political economy by the articulator of laissez-faire capitalism. From the Harvard Classics, Vol. X.
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- Smith, Adam, 54299 to 54308
Entries from the Columbia World of Quotations.
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- WRITINGS ABOUT SMITH
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- “Adam Smith”
Section by W. R. Sorley with bibliography from the Cambridge History of English Literature.
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