Smith , Adam , 1723-1790 , economist and moral philosopher

Adam Smith was born in Fifeshire and studied at the University of Glasgow and Balliol College, Oxford. During 1751-1763 he was a Professor of at Glasgow, teaching logic and moral philosophy, and subsquently worked a private tutor and independent scholar before becoming Commissioner of Customs for Scotland in 1788. His friends and associates included the philosopher David Hume, the scientist Joseph Black and the geologist James Hutton. Smith's academic work helped to create the discipline of economics in its modern form and provided an intellectual rationale for capitalism and free-market economics. His best known works are The Theory of Moral Sentiments (1759) and The Wealth of Nations (1776).