Adam Smith is one of the most popular and richest Economist who was born on June 5, 1723 in Scotland, United Kingdom. Economist and philosopher frequently credited as the father of capitalism. His 1776 work, The Wealth of Nations, helped influence modern economics and offers one of the world’s first collected descriptions of what builds a nations’ wealth.
Margaret Thatcher carried his book, The Wealth of Nations, in her purse.
His parents were Margaret Douglas and Adam Smith, Sr. Smith was close with his mother.
