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Adam Smith (1723-1790)

Author

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  • Jacques Fontanel

    (CESICE - Centre d'études sur la sécurité internationale et les coopérations européennes - UPMF - Université Pierre Mendès France - Grenoble 2 - IEPG - Sciences Po Grenoble - Institut d'études politiques de Grenoble)

Abstract

Adam Smith is often presented as the father of liberal economics. He was at the origin of the concept of the "invisible hand" and the theory of value. He analyzed the wealth of nations, the division of labor and its productivity, the superiority of free labor, the laws of wage determination, but also the theory of absolute advantage. His influence on economic thought is considerable, as his approximations have often been at the origin of new economic analyses. He influenced the greatest economists, from Ricardo to Marx, via Keynes or Krugman. In this sense, he is the father of political economy. Mots clés : Adam Smith, "main invisible", théorie de la valeur, histoire de la pensée économique, esclavage Adam Smith, "invisible hand", theory of value, history of economic thought, slavery.

Suggested Citation

  • Jacques Fontanel, 1995. "Adam Smith (1723-1790)," Post-Print hal-03608129, HAL.
    • Handle: RePEc:hal:journl:hal-03608129
    Note: View the original document on HAL open archive server: https://hal.univ-grenoble-alpes.fr/hal-03608129
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