Adam Smith and His Contributions to Economics

James Addison, an economics professor, presents a video on Adam Smith, the founding father of economics. Born in 1723, Smith's education in Scotland and England shaped his ideas. He became a professor at the University of Glasgow, where he published 'The Theory of Moral Sentiments'. After touring Europe, he wrote 'The Wealth of Nations', a seminal work in economics. Smith's legacy endures, though he requested his unpublished manuscripts be destroyed before his death.

Where was Adam Smith born?

• London, England

• Paris, France

• Kirkcaldy, Scotland

• Dublin, Ireland

At which university did Adam Smith begin his higher education?

• Harvard University

• University of Edinburgh

• University of Glasgow

• University of Oxford

What was the title of Adam Smith's first published book?

• The Wealth of Nations

• The Theory of Moral Sentiments

• The Principles of Economics

• The Invisible Hand

Which famous intellectual did Adam Smith meet during his travels in Europe?

• Rene Descartes

• John Locke

• Voltaire

• Isaac Newton

What economic philosophy did the French physiocrats advocate?

• High taxation on imports

• Fewer trade barriers and freer economies

• Protectionist trade policies

• Increased government regulation

What is the main focus of 'The Wealth of Nations'?

• The development of moral philosophy

• The role of government in education

• The reasons for economic prosperity and poverty

• The history of literature

In what year was 'The Wealth of Nations' published?

• 1776

• 1789

• 1750

• 1801

What did Adam Smith request to be done with his unpublished manuscripts?

• They be published posthumously

• They be donated to a university

• They be burned

• They be kept in a museum

How many volumes of unpublished manuscripts did Adam Smith leave behind?

• 20

• 16

• 12

• 10

What is the lasting impact of Adam Smith's published works?

• They are only relevant to historians

• They are considered outdated

• They remain influential in modern economic thought

• They are primarily of interest to philosophers