ADAM SMITH 1723 1790 ECONOMIST AND PHILOSOPHER SMITH ADAM 1723 1790 ECONOMIC DEVELOPMENT ECONOMY AND LABOR ADAM SMITH WAS BORN IN KIRKCALDY SCOTLAND IN 1723 HE STUDIED AT THE UNIVERSITIES OF GLASGOW AND OXFORD IN 1751 HE BECAME A PROFESSOR AT THE UNIVERSITY OF GLASGOW WHERE HE LECTURED ON THEOLOGY ETHICS AND POLITICS HE ESTABLISHED HIS REPUTATION WITH THE PUBLICATION OF THEORY OF MORAL SENTIMENTS IN 1759 IN 1763 HE BECAME TUTOR TO THE DUKE OF BUCCLEUCH TWO YEARS LATER HE TRAVELED TO FRANCE WHERE HE BECAME ACQUAINTED WITH LEADING FRENCH POLITICAL ECONOMISTS IN 1767 HE RETURNED TO KIRKCALDY WHERE HE SPENT HIS TIME STUDYING AND DEVELOPING HIS IDEAS IN 1766 HE PUBLISHED AN INQUIRY INTO THE NATURE AND CAUSES OF THE WEALTH OF NATIONS THE FIRST MAJOR WORK OF POLITICAL ECONOMICS THIS BOOK EXAMINED THE FUNCTION OF MARKETS THE INTERNATIONAL IMPLICATIONS OF A LAISSEZ FAIRE ECONOMY AND THE CONSEQUENCES OF ECONOMIC FREEDOM SMITH BECAME COMMISSIONER OF CUSTOMS IN GLASGOW IN 1778 AND WAS APPOINTED LORD RECTOR OF THE UNIVERSITY OF GLASGOW IN 1787
