Adam Smith: Difference between revisions
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[[File:Adam Smith The Muir portrait.jpg|right| | [[File:Adam Smith The Muir portrait.jpg|190px|thumb|right|Posthumous portrait of Adam Smith, c. 1800]]{{navpolecon|liberals}} | ||
'''Adam Smith''' (June 5, 1723 — July 17, 1790) was a [[Scottish Enlightenment]] [[philosophy|philosopher]] and [[political economy|political economist]] who is best known as the author of ''[[The Wealth of Nations|An Inquiry into the Nature and Causes of the Wealth of Nations]]'' (1776). | '''Adam Smith''' (June 5, 1723 — July 17, 1790) was a [[Scottish Enlightenment]] [[philosophy|philosopher]] and [[political economy|political economist]] who is best known as the author of ''[[The Wealth of Nations|An Inquiry into the Nature and Causes of the Wealth of Nations]]'' (1776). | ||
Revision as of 17:18, 18 August 2023
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Adam Smith (June 5, 1723 — July 17, 1790) was a Scottish Enlightenment philosopher and political economist who is best known as the author of An Inquiry into the Nature and Causes of the Wealth of Nations (1776).
Smith's economic theory reflected the historical conditions of the development of English and Scottish capitalism in the 18th century. Karl Marx characterized Smith as "a generalizing economist of the manufactural period"[citation needed]. The influence of this "manufactural period" was reflected in the fact that Smith attributed the decisive role in the development of productive forces to the manufactural division of labor, considering the manufactory as a typical form of enterprise. Smith acted as an ideologist of the bourgeoisie in the period when it played a progressive role. Vladimir Lenin characterized Smith as "a great ideologist of the advanced bourgeoisie" [citation needed]. Smith was not a conscious defender of the bourgeoisie [disputed ], but objectively, regardless of his subjective sympathies, he defended provisions corresponding to the requirements and interests of the development of the productive forces of capitalist society.
References
External links
- The Wealth of Nations at Marxists.org
- The Theory of Moral Sentiments at Marxists.org