The Father of Classical Political Economy, Adam Smith, Believed People Are Driven by Morality

Adam Smith born 1723-1790 a Scottish philosopher and Economist. Defending the morals of acceptability of pursuing one's self- interest quoted in Document C “Every man is left perfectly free to pursue his own interest in his own way.” Smith gains into the general utility of society knowns as the the invisible hand argument. In the Wealth of Nations smith reveals the interests of merchants and manufacturers were opposed to those of society and had a tendency of pursuing their own interest. Smith wasn’t one to let religious attitude stop his thinking. He believed that more wealth to common people would benefit a nation's economy and society as a whole, stated in the The Wealth of Nation. Smith’s main

Smith advocated for free trade for a country. A country should export more than it imports. This stimulates the growth of the economy. Adam Smith was an optimist who sought the best for his country.

It is said Smith’s mother led him to his scholarly efforts. By 1740, Smith had developed a passion for freedom in that personal freedom and liberty will lead to the best possible outcome. Because of this, Smith is often regarded as an essential proponent in laissez-faire. By 1748, Smith was teaching and giving lectures at Edinburgh. It was here that Smith first established his economic thoughts about freedom and liberty. By his late 20’s, Smith had already developed the passion for liberty, reason, and free speech.

Samuel Adams was born september 22, 1722 in Boston(Adams, Samuel). Adams also graduated Harvard but adams failed at everything he tried. Samuel had a job at a counting house which is similar to a bank and after adams got fired from his job. After getting fired Samuel’s dad gave him money so he can start a business. Samuel gave some of the money to a needy friend and soon adams lost the rest of the other half of the money. When Samuel lost the money Samuel’s dad put him to work in the family brewery but adams neglected the business until it was destroyed. Samuel later had six children with Elizabeth Checkley. After she died adams married another girl named Betsy Wells but didn’t have any kids with her. Soon Samuel’s family was poor but the

John Adams was born on October 30, 1735 in Braintree, Massachusetts. He died July 4, 1826. He had two brothers, Peter and Elihu. John Adams loved books and reading. He loved to write and to talk about history. He liked swimming, walking and billiards. He had silkworms and an alligator for his pets. Adam 's’ parents were Susanna Boylston and John Adams. His mother was notable in society and his father was a farmer, town councilman and deacon. John Adams attended Harvard University where he studied law in his senior year. After college, John Adams opened his own law firm in Braintree. He married

Sam Adams was born in Boston, Massachusetts, on September 27th 1722. He was raised in a politically active and religious family. He was one of twelve children born to Samuel Adams, Sr., and Mary Adams. He was raised in a Puritan household, and was a member of the Old South Congregational Church. He would emphasize Puritan values such as hard work, and freedom for everyone throughout his political career. His father was a prosperous church deacon and merchant who supported popular Boston politicians through

Have you ever wondered how the United States economy came to be? Why do people open certain businesses? Why do they sell certain products? How do we come up with the prices for these products? These are pretty big questions! Adam Smith, an influential economist of the 1700s, is responsible for at least some of the answers to these questions. He inspired much of our country's current economic policies when he wrote the book The Wealth of Nations in 1776.

Born to a wealthy Protestant family industrious in the fishing trade, Jebidiah Smith studied at Balliol College, Oxford. He obtained a Kings

The line of the Adam’s family was an old one in the colonies, as Henry Adams emigrated from England to Braintree, Massachusetts in 1638. John Adams himself was a fifth generation colonist born on October 30th, 1735, and son to Deacon John Adams and Susanna Boylston. Growing up in Braintree with a pious father and a caring mother helped shape the character of Adams, his father being a massive influence on the boy as he would reflect later in life saying that regarding his father “In wisdom, piety, benevolence and charity in proportion to his education and sphere of life, I have never known his superior,”

In the late 1500s, John Smith, 1580, and William Bradford, 1590, were both born in England where later on in life they would become something better. John Smith left his house at the age of 16 where he would then fight for the Dutch against Spain and in 1602, he was captured into being a slave, but soon after escaped and returned back to England (Smith). William Bradford joins the Scrooby Separatist in 1609 and later, in 1613, marries a woman named Dorothy May (Bradford).

“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.” This is a quote from the book Wealth of Nations, which Adam Smith wrote, addresses well about why and what reason people work for. The butcher, the brewer, or the baker does not cut, stir, or bake because they want to please the customer or to feed the poor, but to earn money and for their own happiness. Adam Smith, who fully understood the concepts of capitalism and free market system, became one of the most well respected economists throughout the world. Smith became famous because of his philosophy of economics. Because of his thoughts on economics, today he is well known as the “father of

Much more is known about Adam Smith’s thoughts and ideas than about his personal life. Smith was born in a small village in Kirkcaldy, Scotland. Although his birthdate is unknown, Smith was baptized on June 5, 1723, which is the earliest date most historians cite for his humble beginnings. He was the son of Adam Smith, a comptroller in the small fishing village with a population of about 1,500 people. At the age of fourteen, he attended the University of

An important aspect of Smith's views, were taxes. In one of Smith's many opinions regarding human nature, he explains that the rich, once placed in a position of power, maintain that power through their dealings within a civil government which employs men of inferior wealth, to protect the wealthy lands of the rich. In layman’s terms a community with the bare minimum has little violence since there is nothing to fight over, but one with plush property and wealth, has a plethora of people fighting over one another. This is where Smith's views of taxes comes into play. In his world, the government would impose taxation, with the intentions of discouraging improper or luxurious behavior which he believed did not benefit society as a whole. (Smith, pp.18-20) When discussing human nature in the sociological spectrum, Smith likens humans to animals, or dogs in particular. The typical reliance of animals, once they're matured,on no one but themselves (becoming independents), is a characteristic that humans do not follow. I believe Smith's

Adam Smith was a British economist and philosopher who lived in Britain from 1723 until his death in 1790. His writings in The Theory Of Moral Sentiments (1759) and The Wealth Of Nations (1776) were the foundation of the modern capitalist system, and were wrote during- and in the wake of- the collapse of feudalism . During the era of feudalism, strict class structures allowed the upper class nobility to exploit the proletariat for the pursuit of profit, with poor working conditions, low wages and decreased quality of life for workers and their families as consequence. Smith believed that the alleviation of poverty was the key to economic success, and essentially developed the ideas in the

Smith believed that societies were being motivated by passions and self-interest. Therefore, motive of morality came in to explain what is backing up the passion of human beings. The essential components of passion are self-interest and reasons. Self-interest indicated the goal of an individual wanted to achieve in a certain period of time and the reason gives explanation why this individual wanted to achieve this goal in that period of time. With these two components, Smith was able to conclude that the behaviors of individuals are motivated by reasoning. Also because of human beings are always looking for better living standard, therefore, he explained that the motive of morality is one of the keys to improve our society.