Adam Smith grew up in Scotland, which is home to David Hume, who is perhaps one of England’s greatest philosophers. Smith had a good childhood, he was raised with some money at hand, but he was certainly not rich. As far as his family goes, his father was a lawyer and held a public office in Scotland and his mother was a member of the Scottish Gentry. There is no doubt that Smith began his political thinking through his mother. In his first book, the Theory of Moral Sentiments, he talked about the economy of his time. The market or economy consisted of small businesses started by individuals motivated by their self-interests. Self-interests do not necessarily always mean increasing one’s wealth measured in dollars and cents. It is a fact that individuals seek many goals, not just increased wealth. Therefore, the self-interest of the individual invo....

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Number Of Words: 722

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