March 9th –Anniversary of the Publication of Adam Smith’s Wealth of Nations in 1776
We look back at 18th century Scotland as a romantic period, but it was also a period when a handful of Scottish thinkers –including Adam Smith the father of economics– gave birth to the Scottish Enlightenment –the business world, and the world in general, would never be quite the same again. A revolutionary thinker –although definitely less political than David Hume– & a brilliant and influential writer, Smith invented the concept of the “invisible hand” to explain his arguments for an economic system that would develop naturally as the result of individual choices rather than strict bureaucratic control & two hundred and forty years later he is still celebrated as the father of economics.