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Adam Smith

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(1723-1790)

BIRTH

1723

PLACE

Kirkcaldy, Scotland

DEATH

July 17, 1790

PLACE

Edinburgh, Scotland

FAMILY

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FATHER

Adam Smith

(1679–1723)

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MOTHER

Margaret Douglas

(1694–1784)

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CHILDREN

Adam Smith

(1679–1723)

HOMES

RELIGIOUS VIEWS

RELIGION NOT DOCUMENTED

DENOMINATION NOT DOCUMENTED

MEMBERSHIPS

FELLOW OF THE ROYAL SOCIETY, PHILOSOPHICAL SOCIETY OF EDINBURGH MEMBER, ROYAL SOCIETY OF EDINBURGH FOUNDING FELLOW, SELECT SOCIETY FOUNDING MEMBER

AWARDS

​

Adam Smith was a Scottish philosopher and economist whose book The Wealth of Nations (1776) laid the foundations of modern economics; he is often called the father of capitalism. Smith gave public lectures in Edinburgh and in 1751 became a professor at the University of Glasgow, later holding the chair of moral philosophy. His first major book, The Theory of Moral Sentiments, was published in 1759. He never married. He died in Edinburgh on July 17, 1790.

EARLY LIFE

Adam Smith was born in 1723 in Kirkcaldy, Fife, Scotland, and was baptized on June 16, 1723 (June 5, Old Style). His father, also named Adam Smith, a customs official, had died two months before his birth, and he was raised by his mother, Margaret Douglas. He attended the burgh school in Kirkcaldy. At fourteen he entered the University of Glasgow, where he studied moral philosophy under Francis Hutcheson. In 1740 he went to Balliol College, Oxford, on a scholarship, but he found the teaching there poor and returned to Scotland in 1746.

Adam Smith began his public intellectual career with lectures in Edinburgh before becoming professor of logic at Glasgow in 1751 and professor of moral philosophy the following year. His teaching covered ethics, jurisprudence, political economy, and related subjects. The Theory of Moral Sentiments, published in 1759, explained moral judgment through sympathy, social observation, and the imagined impartial spectator. It established his reputation before the economic work for which he later became most famous.

From 1764 Smith traveled as tutor to the Duke of Buccleuch, meeting leading thinkers in France and Switzerland. The contacts widened his understanding of economic debate and allowed time for writing. Returning to Scotland, he worked for years on An Inquiry into the Nature and Causes of the Wealth of Nations, published in 1776. The book examined the division of labor, exchange, capital accumulation, public revenue, and the institutional conditions affecting national prosperity.

Smith criticized mercantilist restrictions and monopolies and argued that competition could coordinate economic activity without detailed central direction. He also recognized public responsibilities for defense, justice, infrastructure, and education and warned about the influence of merchants pursuing their own advantages. His account was not a blanket endorsement of every business interest or an argument that human behavior consisted only of selfishness.

In 1778 Smith became a commissioner of customs for Scotland, combining practical public administration with continuing revision of his books. He maintained friendships and correspondence with figures of the Scottish Enlightenment and revised The Theory of Moral Sentiments substantially before his death in 1790. At his request, much unfinished manuscript material was destroyed, limiting what can be reconstructed about some planned projects. His career created an influential framework for examining economic systems in relation to law, morality, and historical development. Later political traditions have claimed him in different ways, often extracting short phrases from a much broader argument. A balanced understanding considers his criticism of privilege and collusion, his concern with workers and education, and his account of social judgment as well as his support for commercial liberty. These features made his work foundational to political economy without reducing it to a single policy slogan.

CAREER

DEATH

Smith died in the northern wing of Panmure House in Edinburgh on 17 July 1790 after a painful illness. His body was buried in the Canongate Kirkyard. On his deathbed, Smith expressed disappointment that he had not achieved more. Smith's literary executors were two friends from the Scottish academic world: the physicist and chemist Joseph Black and the pioneering geologist James Hutton. Smith left behind many notes and some unpublished material, but gave instructions to destroy anything that was not fit for publication. He mentioned an early unpublished History of Astronomy as probably suitable, and it duly appeared in 1795, along with other material such as Essays on Philosophical Subjects. Smith's library went by his will to David Douglas, Lord Reston (son of his cousin Colonel Robert Douglas of Strathendry, Fife), who lived with Smith. It was eventually divided between Douglas's two surviving children, Cecilia Margaret (Mrs. Cunningham) and David Anne (Mrs. Bannerman). On the death in 1878 of her husband, the Reverend W. B. Cunningham of Prestonpans, Mrs. Cunningham sold some of the books. The remainder passed to her son, Professor Robert Oliver Cunningham of Queen's College, Belfast, who presented a part to the library of Queen's College. After his death, the remaining books were sold. On the death of Mrs. Bannerman in 1879, her portion of the library went intact to the New College (of the Free Church) in Edinburgh and the collection was transferred to the University of Edinburgh Main Library in 1972.

Canongate Kirkyard

Canongate Kirk, 153 Canongate, Edinburgh EH8 8BN, United Kingdom

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GRAVE

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Adam Smith Was Here

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POPULAR BIOGRAPHIES

1. Adam Smith: An Enlightened Life — Nicholas Phillipson. Find on Amazon

2. The Life of Adam Smith — Ian Simpson Ross. Find on Amazon

3. Adam Smith: What He Thought, and Why It Matters — Jesse Norman. [Intellectual biography] Find on Amazon

4. The Authentic Adam Smith: His Life and Ideas — James Buchan. [Intellectual biography] Find on Amazon

5. Life of Adam Smith — John Rae. [Classic biography] Find on Amazon

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