June 5, 1723 (, mao May third), British economist Adam Smith's birthday. Adam Smith,


, born June 5, 1723, is the creator of the British bourgeois system of classical political economy. After graduating from Oxford University, has taught at the University of Edinburgh and the University of Glasgow. 1776 published his masterpiece, "the nature and cause of the national wealth research. To the central idea of ​​economic freedom, national wealth as the object of study, the first systematic exposition of the main content of the political economy, revealed the internal relations of the bourgeois economy, the establishment of a complete theoretical system of bourgeois political economy . First discussed the basic principles of the labor theory of value, and that labor is the source of wealth and the measure of value. Due to the limitations of history, class, and his economic theories, both scientific components, but also Liao incorrect. As on the one hand that the value of goods consumed by the production of goods, labor decision, and that the value of wages, profit and rent. , That is to say in the distribution of profits are part of the value created by the workers, said that profit is the main service or remuneration of capital functions. However, as the classical economists to represent the interests of the emerging bourgeoisie, his scientific contributions and advances in the role of a dominant position. [History cn] with its doctrine of economic policy in the United Kingdom has played a major role. Death in 1790.