Adam Smith Research Paper

Early life

Adam Smith was born to Margaret Douglas at Kirkcaldy, Scotland. His father, also named Adam Smith, was a lawyer, civil servant, and widower who married Margaret Douglas in 1720. His father died six months before Smith's birth. The exact date of Smith's birth is unknown; however, his baptism was recorded on 16 June 1723 at Kirkcaldy. Though few events in Smith's early childhood are known, Scottish journalist and biographer of Smith John Rae recorded that Smith was abducted by gypsies at the age of four and eventually released when others went to rescue him.

Smith was particularly close to his mother, and it was likely she who encouraged him to pursue his scholarly ambitions. Smith attended the Burgh School of Kirkcaldy from 1729 to 1737, and there studied Latin,
Smith considered the teaching at Glasgow to be far superior to that at Oxford, and found his Oxford experience intellectually stifling.[9] In Book V, Chapter II of The Wealth of Nations, Smith wrote: "In the University of Oxford, the greater part of the public professors have, for these many years, given up altogether even the pretence of teaching." Smith is also reported to have complained to friends that Oxford officials once detected him reading a copy of David Hume's Treatise on Human Nature, and they subsequently confiscated his book and punished him severely for reading it.[6][10][11] According to William Robert Scott, "The Oxford of [Smith's] time gave little if any help towards what was to be his lifework."[12] Nevertheless, Smith took the opportunity while at Oxford to teach himself several subjects by reading many books from the shelves of the large Oxford library.[13] When Smith was not studying on his own, his time at Oxford was not a happy one, according to his letters.[14] Near the end of his time at Oxford, Smith began suffering from shaking fits, probably the symptoms of a nervous breakdown.[15] He left Oxford University in 1746, before his scholarship