Everhart 1
Michael Everhart
Mr. David Estridge
Eco-251-401
13 October 2017
Adam Smith: The Father of Capitalism
Adam Smith was a Scottish philosopher and political economist. Many of Smith’s
concepts and theories had far reaching effects on fields as varied as manufacturing and
government policies. His ideas on “an invisible hand” guiding supply and demand, gross
domestic product and the minimal role of government intervention in the free market became the
foundation of the classical school of economics. (Blenman)
Adam Smith was born in Kirkcaldy Scotland in 1723. The exact date of his birth is not
known but records show him being baptized on June 5th, 1723. Smith’s father was the
