🔵 Adam Smith #AdamSmith

@ TELEGRAM: “HATRED AND ANGER ARE THE GREATEST POISON TO THE HAPPINESS OF A GOOD MIND…“ ADAM SMITH ADAM SMITH WAS A SCOTTISH ECONOMIST, PHILOSOPHER, AND A KEY FIGURE DURING THE SCOTTISH ENLIGHTENMENT. ALSO KNOWN AS ’’THE FATHER OF ECONOMICS’’ OR ’’THE FATHER OF CAPITALISM,’’ SMITH WROTE TWO CLASSIC WORKS, THE THEORY OF MORAL SENTIMENTS AND AN INQUIRY INTO THE NATURE AND CAUSES OF THE WEALTH OF NATIONS. THE LATTER, OFTEN ABBREVIATED AS THE WEALTH OF NATIONS, IS CONSIDERED HIS MAGNUM OPUS AND THE FIRST MODERN WORK OF ECONOMICS. IN HIS WORK, ADAM SMITH INTRODUCED HIS THEORY OF ABSOLUTE ADVANTAGE. SMITH LAID THE FOUNDATIONS OF CLASSICAL FREE MARKET ECONOMIC THEORY. THE WEALTH OF NATIONS WAS A PRECURSOR TO THE MODERN ACADEMIC DISCIPLINE OF ECONOMICS. IN THIS AND OTHER WORKS, HE DEVELOPED THE CONCEPT OF DIVISION OF LABOUR AND EXPOUNDED UPON HOW RATIONAL SELF-INTEREST AND COMPETITION CAN LEAD TO ECONOMIC PROSPERITY. 00:00 ADAM SMITH 02:44 THE THEORY OF MORAL SENTIMENTS 05:07 THE WEALTH OF NATIONS / AN INQUIRY INTO THE NATURE AND CAUSES OF THE WEALTH OF NATIONS ALL IMAGES IN THIS VIDEO ARE IMAGES IN THE PUBLIC DOMAIN. I USE TO THESE IMAGES FOR VIDEOS. THIS VIDEO CONTAINS PHRASES / QUOTES BY ADAM SMITH. #historyandphilosophy #adamsmith #moralphilosophy #ethics #philosophy #economics #education #innabesedina #thetheoryofmoralsentiments #thewealthofnations #westernphilosophy #classicalliberalism #politicalphilosophy #economicliberalism #knowledge #scottishenlightenment #studying #philosophical #philosophicalthoughts #thoughts #wisdomquotes