Science Library - free educational site

Adam Smith

1723 - 1790

Read about history on

Adam Smith was a Scottish economist, or indeed 'the Father of Modern Economy'. He penned the Wealth of Nations, published in 1776, a not insignificant year for revolutionary ideas...

  • Nationality
  • Scottish

  • Subject
  • Economics

  • Fields
  • political economy, moral philosophy

  • Publications
  • The Theory of Moral Sentiments, 1759.

    An Inquiry into the Nature and Causes of the Wealth of Nations, 1776. Usually referred to as Wealth of Nations, this was the first modern work on economics, and is considered one of the most influential books on economy every written.

    Lectures on Justice, Police, Revenue, and Arms, 1763.

    Essays on Philosophical Subjects, 1795.

  • Theories
  • Classical Economics

    Free market

    Division of labour

    Invisible Hand

Adam Smith: Wealth of Nations
Adam Smith: Wealth of Nations

The Wealth of Nations is still on every economics student's menu, as it lays the foundations for the capitalist system, through which rational self-interest and competition create the mechanisms for national prosperity.

He also wrote an influential book on morality, and was associated with David Hume, a contemporary and fellow-enlightenist. It is fascinating to speculate how such a code of moral behaviour might manifest within his later treatise on economic behaviour and consequences. It could be argued that this inherent dichotomy evolved into the debates of the 19th century, resulting in radically different political economies.

Latest Item on Science Library:

The most recent article is:


View this item in the topic:

Vectors and Trigonometry

and many more articles in the subject:

Subject of the Week


Environmental Science is the most important of all sciences. As the world enters a phase of climate change, unprecedented biodiversity loss, pollution and human population growth, the management of our environment is vital for our futures. Learn about Environmental Science on

Environmental Science

Great Scientists

Niels Bohr

1885 - 1962

Niels Bohr, 1885 - 1962, was a Danish physicist, and founder of the Copenhagen School, which proposes as a consequence of quantum mechanics that there is no fundamental reality, a view much opposed by Albert Einstein.

Niels Bohr, 1885 - 1962. A Danish physicist
Rewewable Media

Quote of the day...

Nonno's explanations always did a round-robin circuit of science - history - philosophy, then back to science. Always back to science. As if it were that that drove the mechanism of time, and not the other way round. And philosophy? Well, that just went along for the ride.