Dennis+H.+Smith+B


 * __SECTION 1 __**
 * Research:**

Adam Smith: -Scottish -Books that became a best-seller ->Inquiry into the Nature Causes ->The Wealth of Nations

-He attacked the system of economic regulation ->Then attacked prevalent in England and in much of the rest of Europe at the time

http://www.blupete.com/Literature/Biographies/Philosophy/Smith.htm

In this passage, taken from his 1776 book "An Inquiry into the Nature and Causes of the Wealth of Nations" Adam Smith set out the mechanism by which he felt economic society operated often regarded as the father of economics, Smith’s description of how universe operated There is a benevolent deity who administers the world in such a way as to maximise human happiness. In order to do this he has created humans with a nature that leads them to act in a certain way. The world as we know it is pretty much perfect, and everyone is about equally happy. In particular, the rich are no happier than the poor. Although this means we should all be happy with our lot in life, our nature (which, remember, was created by God for the purpose of maximising happiness) leads us to think that we would be happier if we were wealthier. This is a good thing, because it leads us to struggle to become wealthier, thus increasing the sum total of human happiness via the mechanisms of exchange and division of labour.

http://plus.maths.org/issue14/features/smith/

-Adam Smith was born in Kirkcaldy, Fife, Scotland. The exact date of his birth is unknown, however, he was baptized on June 5, 1723.

-In 1751, Smith was appointed professor of logic at Glasgow university

-Smith moved to London in 1776, where he published An Inquiry into the Nature and Causes of the Wealth of Nations,

-Smith laid the intellectual framework that explained the free market and still holds true today. -He is most often recognized for the expression “the invisible hand,” which he used to demonstrate how self-interest guides the most efficient use of resources in a nation's economy, with public welfare coming as a by-product.

http://www.lucidcafe.com/library/96jun/smith.html 

**Primary Source:**

 __**Table of Contents--- this one is the one I got from actual book's table of contents. I used this for my video.** __   __-Wages of Labour -Rented lands -Digression of variation in the value of Silver -Different value of wages/payment of workers -Rise and fall of nations and cities after fall of Roman Empire -How cities helped the economy -Bounties -Treaty of Commerce  __ __  SOURCE: Smith, Adam. __The Wealth of Nations (Bantam Classics) __. New York: Bantam Classics, 2003. __ <span style="color: rgb(25, 164, 46);">

<span style="color: rgb(143, 40, 189);"> <span style="color: rgb(143, 40, 189);">Questions <span style="color: rgb(143, 40, 189);">1. According to Adams, What can be done to reduce the the gap between two employments advantages and disadvantages of the different employments of labor? <span style="color: rgb(143, 40, 189);"> <span style="color: rgb(143, 40, 189);">2. In the book, Wealth of Nations, did Adam talk only about money or something else? <span style="color: rgb(143, 40, 189);"> <span style="color: rgb(143, 40, 189);">3. According to the primary source about the book Wealth of Nations, Adams stated that by increasing the competition between employments, the value and importance of a profession such as lawyer and medicine decrease. Take this to today's world and make an example. ** INTERVIEW **
 * <span style="color: rgb(143, 40, 189);">DBQ: **<span style="color: rgb(143, 40, 189);">Focus on the Book 1 Chapter 10 that starts with...: __ // <span style="color: rgb(143, 40, 189);">Of Wages and Profit in the different Employments of Labor and Stock....   // __<span style="color: rgb(143, 40, 189);">SOURCE: (PRIMARY SOURCE) http://www.fordham.edu/halsall/mod/adamsmith-summary.html

media type="youtube" key="lZQBL0iqE6Y" height="344" width="425"

**Script:** Hi, I’m Adam Smith from Scotland! Well, I’m pretty sure u will have some kind of biasgoing on in your mind because I said I am a Scottish, probably You’ll think of scottish highlanders blowing pipes and hunting around in the snow in the mountains, but I am that sort of scottish, I am a philosopher in 1790s!

Excuse me, I’m being sort of messy now. It’s because I am at home now, I took off my wig, dressed with kilt, as you see here, and I am in less formal state now!

So you said you wanna hear my life story? Wellm I was born in scotland, as i told you before. My birthdate is unknown. It’s because my mom didn’t tell me! What a shame, right? However I do know when I was baptized, t June 5, 1723 Thru out my childhood, I was rather a boring kid, with life full of events that are boring. Oh, no! I did have something fun. first, umm, I was kidnapped by gypsies! and was rescue. And other things..............um............................................................no. I studied really hard, and I did liked to study, it wasn’t anything like korean kids getting forced to go to hagwon.. My mom, Margaret Adams, supported me very much to study. She sent me to Burgh School of Firkcaldy, and I studied Latin, writing, history, and many other helpful things.

In 1751, when was 14, I entered the university of Galsgow, but soon enough, I was accepted to Oxford! I went back to Galsgow university and became a professor, and as a proffesor I began to write books about economy, politics, and many other topics.

One of the most famous book is Wealth of Nations. In this book, I wrote about diverse topics. It wasn’t only about how to be rich, but it took over how to manage rented lands, how the value of silver differs from time and place, how workers are classified and should be paid, the rise and fall of nations and cities after the fall of Roman Empire, How building cities helped economy, bounties, and many many many many topics. It sounds fun right? now go to a book store and grab one! It should have gotten cheaper coz of better printing machine..!

Oh sorry! So, you all know industrial revolution, right? I’ll assume you do, and talk about it. Because the period when I published my books was the time when people and nations were sensitive and interested in obtaining wealth, they did whatever was possible to gain wealth. In this time, I let people do better in the process my helping them better understand about economy. People started to learn much from my book. They got better ideas of economy and wealth. Countries, as well got many things. They learned how to manage, take control, and predict about what would happen to markets.

My book soon became the bestseller. A right book in the right time! It was win win relationship. The readers earned good ideas and incentives in business, while I earned a lot of money from selling the book! !!!!!!Oh and please don’t get it wrong! I didn’t write it for money! I wrote it because I liked to write and teach people about the topic!