Adam Smith’s ‘Wealth of Nations’ has valuable lessons for eternity
SummaryHis insights in this all-time epic on human effort, division of labour and free markets are relevant even after three centuries
Next month marks the tricentenary of a writer whose impact is felt even today. Adam Smith was born in the tiny Scottish town of Kircaldy around 300 years ago. His exact birth date is not known. Smith was baptized on 5 June 1723 in a local church. He was kidnapped by a band of gypsies when he was four but was returned to his family soon after. A biographer later noted that the absent-minded Smith would have made a poor gypsy. He died in Edinburgh in 1790.