Adam Smith
Ahmedabad, Gujarat,India
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Adam Smith (baptised 16 June 1723 – 17 July 1790) was a Scottish economist, philosopher, and author, as well as a moral philosopher, a pioneer of political economy, and a key figure during the Scottish Enlightenment. Widely regarded as the 'Father of Modern Economics' or the 'Father of Capitalism', Smith is best known for two classic works: 'The Theory of Moral Sentiments' (1759), and 'An Inquiry into the Nature and Causes of the Wealth of Nations' (1776). The latter, often abbreviated as 'The Wealth of Nations', is considered his magnum opus and the first modern work of economics. His work laid the foundations of classical free market economic theory, arguing for division of labour, free trade, and the 'invisible hand' of the market.
Professional Summary
Adam Smith's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:
Notable Achievements
Publication of 'The Wealth of Nations'
Authored 'An Inquiry into the Nature and Causes of the Wealth of Nations' (1776), a seminal work that laid the foundations for classical economics and concepts like free markets, division of labor, and the 'invisible hand'. It is considered one of the most influential books ever written.
Publication of 'The Theory of Moral Sentiments'
Authored 'The Theory of Moral Sentiments' (1759), a significant work on moral philosophy that explored the role of sympathy (empathy) and ethical behavior in society, providing the ethical, philosophical, and psychological underpinnings for his later economic works.
Pioneering Economic Theory
Developed and popularized groundbreaking economic concepts such as the 'invisible hand' (how self-interest can unintentionally benefit society), the benefits of the division of labor for increasing productivity, and the principles of laissez-faire capitalism, profoundly shaping modern economic thought.
Father of Modern Economics
Widely recognized as the intellectual founder of modern economics and capitalism, whose ideas continue to influence economic policies, academic discourse, and societal understanding of wealth creation and market dynamics globally.
Professor of Moral Philosophy
Served as Professor of Moral Philosophy at the University of Glasgow (from 1752), where he lectured on ethics, rhetoric, jurisprudence, and political economy, influencing a generation of students.
Educational Background
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Company Overview
Magento CommerceMagento Commerce, now part of Adobe Experience Cloud, is a leading open-source e-commerce platform empowering thousands of retailers and brands with flexible cloud solutions to rapidly innovate and grow. It offers rich, out-of-the-box features, powerful business tools, and the ability to customize virtually any aspect of an online store. Magento serves both B2C and B2B businesses with capabilities for catalog management, order processing, marketing, SEO, and more, providing a scalable and robust foundation for digital commerce operations.
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