Adam Smith

In eighteenth century England, one would know of a man by the name of Adam Smith and be marveled by his theories and philosophies. Early on in Smith’s life he was noted for being an intelligent child which lead him to go to Oxford at the age of seventeen on a scholarship. Here the foundation of his future began, the teachers at Oxford were reluctant and thus Smith found himself reading whatever he chose …

…was left alone. The interference of government was undesired because Smith considered governments spendthrift, irresponsible, and unproductive. But, these classical views did not expect the Industrial Revolution. Smith believed in a static community that grows but never matures. Although modern economist may point out defects in Smith’s market, none could improve on the richness and life that Smith contained in this world. No one may ever encompass his age again as did Adam Smith.