BPEP-UB 1 Chapter : DEAD ECON OUTLINE.docx

• School: New York University
• Department: Business and Political Economy Program
• Course: BPEP-UB 1
• Professor: Joseph Foudy

Document Summary

Chapter 2 outline the second coming of adam. Background adam smith (1723) grew up with his mother in kircaldy, a port near edinburgh, scotland. His father was a comptroller of customs and died before his birth. He looked weird: i am a beau in nothing but my books . University of glasgow at age 14 and later balliol college in oxford originally intending on studying theology and entering the clergy. Smith never took a course in economics, but included his theories into lectures: Division of labor is the great cause of the increase of public opulence, which is always proportioned to the industry of the people, and not to the quantity of gold and silver, as is foolishly imagined (notes from student) Smith the philosopher before wealth of nations, adam smith gained popularity with the theory of moral sentiments (searching for the origin of moral approval or disapproval)