Adam Smith – The Father of Modern Economics

Explore the life and ideas of Adam Smith, the 18th-century Scottish philosopher who revolutionized economics and human understanding. Known as the "Father of Modern Economics," Smith introduced groundbreaking concepts in his seminal works, The Wealth of Nations and The Theory of Moral Sentiments. From the division of labor to the famous "invisible hand," Smith demonstrated how self-interest and free markets can drive societal prosperity while emphasizing the role of empathy and morality in human behavior.

This video delves into Smith's key contributions, including his critique of mercantilism, advocacy for free trade, and exploration of human morality through the concept of the "impartial spectator." It also touches on his lesser-known essays on philosophy, astronomy, and the evolution of human thought—revealing a thinker whose curiosity extended far beyond economics.

Through vivid storytelling and timeless quotes, Eternal Philosophies: Adam Smith celebrates a visionary whose ideas continue to shape our understanding of wealth, society, and human nature. Smith’s legacy reminds us that economics is not just about markets—it’s about people.

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0:00 Intro
0:28 Who was Adam Smith
1:14 The Wealth of Nations
2:34 The Theory of Moral Sentiments
3:47 Five Quotes by Adam Smith