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Research project on Adam Smith for Edexcel Economics A A-level
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Research project on Adam Smith for Edexcel Economics A A-level on her life and work for A* context and top grades
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Adam Smith, Who was Adam Smith?
Scottish philosopher and economist
Known as one of the founding fathers of modern economics, as
well as capitalism
Has 2 famous works: The Theory of Moral Sentiments (1759) ; An
Inquiry into the Nature and Causes of the Wealth of Nations (‘76)
Best known for “The Wealth of Nations”
He introduced several key ideas that formed the basis for theories
of neo-classical economics: Importance of free markets &
assembly-line production methods.
His work is especially relevant today: full of ideas on how to
reconcile business profits with social values
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