Adam Smith 's The Magnum Opus Wealth Of Nations

The Biography of Adam Smith Adam Smith was born in Kirkcaldy, Scotland in the year 1923, and died in the year 1790 at the age of 67 (Stewart, 1861). His exact date of birth is unknown but was baptized on 5th June 1723. His father was a prosecutor, advocate, and solicitor but passed on two months after his birth, leaving his mother to bring him up. His mother, Margaret Douglas, played a great role in his upbringing, especially in education. He joined the Burgh school where he learned history, writing

can only be effected through a union, which by the character of the proletariat itself can again only be a universal one, and through a revolution, in which, on the one hand, the power of the earlier mode of production and intercourse and social organization is overthrown, and, on the other hand, there develops the universal character and the energy of the proletariat, without which the revolution cannot be accomplished; and in which, further, the proletariat rids itself of everything that still

MGT1FOM Key Management Theorists The theorists covered in this MGT1FOM Key Management Theorist study reference guide have each made significant contributions to management theory. It is recommended that MGT1FOM students have a working understanding of the contributions of each of these theorists. Unless noted otherwise, the source of the content for each theorist is adapted from: Wren, DA & Bedeian, AG 2009, The Evolution of Management Thought, 6th edn., John Wiley & Sons, Hoboken, NJ. Contents