1 / 15

Adam Smith

Explore the life and ideas of Adam Smith, the Scottish philosopher and economist. From his influential books to his impact on economic theory, learn about the division of labor, the concept of value, and the societal classes he identified. Discover how Smith's work has been translated and received in Greece.

luciaa
Download Presentation

Adam Smith

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. A brief history of economic thought Adam Smith

  2. A brief history of economic thought : Adam Smith

  3. A brief history of economic thought : Adam Smith He was born in1723 in Kirkcaldy of Scotland

  4. A brief history of economic thought : Adam Smith He was a professor of Logic & Ethics Philosophy

  5. A brief history of economic thought : Adam Smith He was member in the first political economy club

  6. A brief history of economic thought : Adam Smith In 1759 he published his 1st book “The Theory of Moral Sentiments”

  7. A brief history of economic thought : Adam Smith

  8. A brief history of economic thought : Adam Smith In 1776 he published his 2nd book “An Inquiry into the Nature and Causes of the Wealth of Nations”

  9. A brief history of economic thought : Adam Smith Adam Smith’s major ideas: Division of Labor rises the productivity because: Each worker gains more dexterity by repeating the same moves again and again There is not any lost time in the transition from one move to another The breaking down of labor in basic moves helps in the invention of time saving tools

  10. A brief history of economic thought : Adam Smith Adam Smith’s major ideas: There to kinds of value: value of use value of exchange

  11. A brief history of economic thought : Adam Smith Adam Smith’s major ideas: Society is divided into three classes Capitalists Landlords Workers

  12. A brief history of economic thought : Adam Smith Adam Smith’s major ideas: Income is divided into three categories: Profits Annuity Land Charge Wage

  13. A brief history of economic thought : Adam Smith Adam Smith in Greece: In 1930’s for the first time Adam Smith begins to get translated in Greek

  14. A brief history of economic thought : Adam Smith Adam Smith in Greece: The translation of “An Inquiry into the Nature and Causes of the Wealth of Nations” was interrupted by the World War II

  15. A brief history of economic thought : Adam Smith Adam Smith in Greece: After the war the project was halted probably due to the poor response of interest from the market and the community of economists in Greece.

More Related