<font size ="11">Adam Smith</font>

The Famous person in economical foundation , adam smith born in kirkcaldy , skotland at 1723. When he was adolescent he study at oxford university, and from 1751 until 1764 he become a professor at Glasgow university. Along at this university he published his first book, Theory of Moral sentiments , which raise up his self to middle of intelektual society. But the top of his famous is when he published his big work of write a book by the title an inquiry into the Nature and causes of the wealth of Nation,whisch published at 1776. This book was success t get attention of intellectual society, and at the rest of his life he enjoyed a famous and appreciation with this phenomenal work. He dead in kirkcaldy at 1790. And He has not been married .
adam smith isn’t the first man that subjugate on economical theory, and much famous theory wasn’t making by him. But he is first man who was presented the systematic economical theory and easy absorbed and this theory making change on future.
One of the big result which was resulted by this theory is because this theory was straighten and against the old theory of economical. Which the old theory of economy was emphasize the important meaning, that a country need to have a stock of gold in big amount . and adam smith too was oppose the theory of Physiokrat which said that a land is a principal of value. on the contrary ,adam smith was emphasize that the main thing of value in economy is a worker and he emphasize too that the increasing of production can be reached by distribution of working.
The main idea of The Wealth of Nations Is that a market was free to move based on a mechanism of market which automaticlly can produce a kind and amount of goods that liked and needed by consumer society.
Some people was have a impress about adam smith, that adam smith is a person that work just for economical importance. this opinion about adam smith was wrong. Adam smith frequently was criticizing a economical monopoly and he want to remove it’s system. Adam smith isn’t a naïve man which related to economical practice. His conception of it can read in his observation on The Welath Of Nations :” People in a world of same trade of thing it’s rarely can meet together, but the conversation can be ended on forming a group which it’s oppose with a society, or on other form with increasing a cost.
Adam smith was perfect to organize and making his conception in front , and in a short period of time he can put away other conception of economical. Based on fact, all of their conception fused by system of adam smith , and adam smith uncover about their lack. A famous person like Thomas Malthus and david Ricardo was change the place of adam smith and they was develop the system of adam smith (but didn’t change a main of adam smith’s conception) become a structure which grouped into old economical type.
Adam smith was formed and change the conception of economical on this world ,into modern economical which formulated by his book The wealth of Nations.