People in the News - Adam Smith

Adam Smith is often considered the father of modern economics and capitalism, and it's only logical that he should have been a prominent person during the Industrial Revolution. Since the Industrial Revolution gave plenty of opportunities for lessons and experiments in the fields of capitalism and economics, he was able to find a receptive audience for his ideas. He is best know for his work The Wealth of Nations, although he wrote a few other works as well.

As a person he was regarded as a tad mentally unstable, because he often held conversations with himself and imaginary others, as well as coming down with imaginary ilnesses. However, his mind was brilliant, and the role his theories played during the Industrial Revolution was extremely significant.