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Foundation for Economic Education: Adam Smith and the Birth of Economics | Lawrence Reed


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Lawrence Reed, President of FEE, discusses Adam Smith’s role in the development of economic thought. Mr. Reed outlines how Smith’s background in moral philosophy led to his pioneering the study of economics.

Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish moral philosopher, pioneer of political economy, and a key figure in the Scottish Enlightenment. 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).

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