ADAM SMITH
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ADAM SMITH
ADAM SMITH Scottish economist
Mary Evans Picture Library makes available wonderful images created for people to enjoy over the centuries
Media ID 576542
© Mary Evans Picture Library 2015 - https://copyrighthub.org/s0/hub1/creation/maryevans/MaryEvansPictureID/10015448
1723 1790 Adam Economist Smith
EDITORS COMMENTS
1. Title: "Adam Smith: The Father of Modern Economics". This portrait of Adam Smith, the renowned Scottish economist, was created around the year 1790, approximately three decades after the publication of his groundbreaking work, "An Inquiry into the Nature and Causes of the Wealth of Nations." Born on June 5, 1723, in Kirkcaldy, Scotland, Smith is widely regarded as the father of modern economics and the founder of the discipline of political economy. Smith's seminal work, published in 1776, introduced the concept of the "invisible hand," which posits that self-interested individuals, by pursuing their own interests, will ultimately contribute to the greater good of society. This revolutionary idea challenged the mercantilist economic theories of the time, which focused on the accumulation of wealth through government control and regulation. Smith's ideas influenced not only the economic sphere but also the philosophical and political thought of his era. He is known for his contributions to moral philosophy, particularly his work "The Theory of Moral Sentiments," which explores the nature of moral judgment and human emotions. This portrait captures Smith in the later stages of his life, with a thoughtful expression that seems to reflect the depth of his intellectual pursuits. The image serves as a testament to the enduring impact of his ideas on the world of economics and beyond. Adam Smith's legacy continues to shape our understanding of economic systems and the role of individuals in society. His ideas on free markets, division of labor, and the importance of individual liberty have influenced economic thought for over two centuries. This evocative portrait offers a glimpse into the mind of a man whose ideas have shaped the modern world.
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