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==Biography==

==Biography==

Smith was born in [[Kirkcaldy]], [[Scotland]] in 1723 and was raised by his widowed mother. Smith entered the [[University of Glasgow]] at the age of fourteen and then attended [[Balliol College]] at [[Oxford]] for six years until he graduated at the age of twenty-three. Adam returned to Scotland, and delivered a series of lectures which were very well-received. Smith was appointed first chair of logic in 1751 at the University of Glasgow and later then chair of moral philosophy in 1752. In 1764, Adam Smith left the academy to tutor the young Duke of Buccleuch. They lived and traveled in [[France]] and [[Switzerland]] for two years. The duke had given his teacher a comfortable life pension, so Adam Smith retired to Kirkcaldy and began writing his book, ''An Inquiry into the Nature and Causes of the Wealth of Nations''. In 1778 Smith was appointed to a post as commissioner of customs in Scotland and went to live with his mother in [[Edinburgh]]. He died there on July 17, 1790, after a painful illness and was buried in the Canongate Kirkyard, Royal Mile, Edinburgh. Smith is hailed as the one who discovered the [[Invisible Hand]], and explained the theoretical bases of free enterprise.

Smith was born in [[Kirkcaldy]], [[Scotland]] in 1723 and was raised by his widowed mother. Smith entered the [[University of Glasgow]] at the age of fourteen and then attended [[Balliol College]] at [[Oxford]] for six years until he graduated at the age of twenty-three. Adam returned to Scotland, and delivered a series of lectures which were very well-received. Smith was appointed first chair of logic in 1751 at the University of Glasgow and later then chair of moral philosophy in 1752. In 1764, Adam Smith left the academy to tutor the young Duke of Buccleuch. They lived and traveled in [[France]] and [[Switzerland]] for two years. The duke had given his teacher a comfortable life pension, so Adam Smith retired to Kirkcaldy and began writing his book, ''An Inquiry into the Nature and Causes of the Wealth of Nations''. In 1778 Smith was appointed to a post as commissioner of customs in Scotland and went to live with his mother in [[Edinburgh]]. He died there on July 17, 1790, after a painful illness and was buried in the Canongate Kirkyard, Royal Mile, Edinburgh. Smith is hailed as the one who discovered the [[invisible hand]], and explained the theoretical bases of free enterprise.

==Legacy==

==Legacy==