SlideShare a Scribd company logo
In what way does Adam Smith & David Ricardo were connected with economics?  Aim K. 9-2 Classical Economics
Adam Smith 16 June 1723 - 17 July 1790 He was a Scottish philosopher. Self interest in economics.  Included as one of the Scottish Enlightenment. Wrote two famous books based on economics; “The Theory of Moral Sentiments” and “An Inquiry into the Nature and Causes of the Wealth of Nations.”  People cited him as a father of economics.  Classical Economics
Adam Smith 16 June 1723 - 17 July 1790 Adam Smith thinks that the role of government is to protect and make sure people follow the laws and shouldn’t mess up with economics. His ideas are not just only a foundations for an economics school, but it made people renowned him as a father of economics. Classical Economics
His ideas were based on how economics should work or how it is work.  After Smith had passed, but his ideas son economics were chose to stay alive.   Adam Smith 16 June 1723 - 17 July 1790 Classical Economics
David Ricardo He was an English political economist. He was 1 of the 4 influential economists. Ricardo’s interest in economics was inspired by Adam Smith’s book “Wealth of Nation”.  Ricardo decided to answer a currency questions in newspaper articles.  19 April 1772 – 11 September 1823 Classical Economics
Ricardo spends his 34 years studying on economics and in the last year he eventually become a professional economist.  One of his idea is that a country that trades for a product can get a lower cost from another country if the product itself were made at home.  David Ricardo 19 April 1772 – 11 September 1823 Classical Economics
Bibliography http://www.heartoscotland.com/Categories/adam-smith.htm http://www.investopedia.com/articles/economics/08/adam-smith-economics.asp http://en.wikipedia.org/wiki/David_Ricardo http://www.victorianweb.org/economics/ric.html http://homepage.newschool.edu/het//profiles/ricardo.htm http://www.econlib.org/library/Enc/bios/Ricardo.html

More Related Content

What's hot

Industrial revolution philosophers
Industrial revolution philosophersIndustrial revolution philosophers
Industrial revolution philosophers
lherzl
 
Economists (pt. 3)
Economists (pt. 3) Economists (pt. 3)
Economists (pt. 3)
Cool Kid
 
Pigscowssheep
PigscowssheepPigscowssheep
Pigscowssheep
ingliu
 
Economists (pt. 4)
Economists (pt. 4) Economists (pt. 4)
Economists (pt. 4)
Cool Kid
 
Adam smith-and karl marx ldeology
Adam smith-and karl marx ldeologyAdam smith-and karl marx ldeology
Adam smith-and karl marx ldeology
LK KANDPAL
 
Social & economic reformers (1)
Social & economic reformers (1)Social & economic reformers (1)
Social & economic reformers (1)
Diane Isaac
 

What's hot (20)

M xs
M xsM xs
M xs
 
Industrial revolution philosophers
Industrial revolution philosophersIndustrial revolution philosophers
Industrial revolution philosophers
 
Ideao
IdeaoIdeao
Ideao
 
Economists (pt. 3)
Economists (pt. 3) Economists (pt. 3)
Economists (pt. 3)
 
History of Economic Thought
History of Economic ThoughtHistory of Economic Thought
History of Economic Thought
 
Pigscowssheep
PigscowssheepPigscowssheep
Pigscowssheep
 
Economists (pt. 4)
Economists (pt. 4) Economists (pt. 4)
Economists (pt. 4)
 
Socialism and the Industrial Revolution
Socialism and the Industrial RevolutionSocialism and the Industrial Revolution
Socialism and the Industrial Revolution
 
Karl Marx vs. Adam Smith - Consumption
Karl Marx vs. Adam Smith - ConsumptionKarl Marx vs. Adam Smith - Consumption
Karl Marx vs. Adam Smith - Consumption
 
Smith 2
Smith 2Smith 2
Smith 2
 
Different Economist
Different EconomistDifferent Economist
Different Economist
 
Lecture 4 Evolution of Global Economies Capitalism, Adam Smith & Marxism
Lecture 4 Evolution of Global Economies Capitalism, Adam Smith & MarxismLecture 4 Evolution of Global Economies Capitalism, Adam Smith & Marxism
Lecture 4 Evolution of Global Economies Capitalism, Adam Smith & Marxism
 
Evolution of Economic
Evolution of EconomicEvolution of Economic
Evolution of Economic
 
Marxian theory of economic development
Marxian theory of economic developmentMarxian theory of economic development
Marxian theory of economic development
 
Adam smith-and karl marx ldeology
Adam smith-and karl marx ldeologyAdam smith-and karl marx ldeology
Adam smith-and karl marx ldeology
 
Industrial revolution
Industrial revolutionIndustrial revolution
Industrial revolution
 
Evolution and revolution of entrepreneurship
Evolution and revolution of entrepreneurshipEvolution and revolution of entrepreneurship
Evolution and revolution of entrepreneurship
 
Theories of economics
Theories of economicsTheories of economics
Theories of economics
 
Capitalism and the Industrial revolution
Capitalism and the Industrial revolutionCapitalism and the Industrial revolution
Capitalism and the Industrial revolution
 
Social & economic reformers (1)
Social & economic reformers (1)Social & economic reformers (1)
Social & economic reformers (1)
 

Similar to In what way does adam smith & david

Adam Smith - Loveliness and the Invisible Hand - Alexander Berger 2016
Adam Smith - Loveliness and the Invisible Hand - Alexander Berger 2016Adam Smith - Loveliness and the Invisible Hand - Alexander Berger 2016
Adam Smith - Loveliness and the Invisible Hand - Alexander Berger 2016
Alexander Berger
 
Adam Smith is called the father of modern economics and his book.pdf
Adam Smith is called the father of modern economics and his book.pdfAdam Smith is called the father of modern economics and his book.pdf
Adam Smith is called the father of modern economics and his book.pdf
akashitproduct
 

Similar to In what way does adam smith & david (17)

Adam smith
Adam smithAdam smith
Adam smith
 
Adam smith
Adam smithAdam smith
Adam smith
 
Adam smith
Adam smithAdam smith
Adam smith
 
adams smith
adams smithadams smith
adams smith
 
Adam Smith - Loveliness and the Invisible Hand - Alexander Berger 2016
Adam Smith - Loveliness and the Invisible Hand - Alexander Berger 2016Adam Smith - Loveliness and the Invisible Hand - Alexander Berger 2016
Adam Smith - Loveliness and the Invisible Hand - Alexander Berger 2016
 
Adam smith pathfinder(final)
Adam smith pathfinder(final)Adam smith pathfinder(final)
Adam smith pathfinder(final)
 
Adam Smith is called the father of modern economics and his book.pdf
Adam Smith is called the father of modern economics and his book.pdfAdam Smith is called the father of modern economics and his book.pdf
Adam Smith is called the father of modern economics and his book.pdf
 
Gains from trade
Gains from tradeGains from trade
Gains from trade
 
Adam smith
Adam smithAdam smith
Adam smith
 
Theory of absolute and comparative advantage
Theory of absolute and comparative advantageTheory of absolute and comparative advantage
Theory of absolute and comparative advantage
 
Theory of absolute and comparative advantage
Theory of absolute and comparative advantageTheory of absolute and comparative advantage
Theory of absolute and comparative advantage
 
The law of absolute advantage and comparative advantage
The law of absolute advantage and comparative advantageThe law of absolute advantage and comparative advantage
The law of absolute advantage and comparative advantage
 
Portraits
PortraitsPortraits
Portraits
 
Group presentation on The Wealth of Nations by Adam Smith.pptx
Group presentation on The Wealth of Nations by Adam Smith.pptxGroup presentation on The Wealth of Nations by Adam Smith.pptx
Group presentation on The Wealth of Nations by Adam Smith.pptx
 
Adam Smith, a very influential eighteenth-century political econom.docx
Adam Smith, a very influential eighteenth-century political econom.docxAdam Smith, a very influential eighteenth-century political econom.docx
Adam Smith, a very influential eighteenth-century political econom.docx
 
Unit 9: Smith, Marx, and Keynes
Unit 9: Smith, Marx, and KeynesUnit 9: Smith, Marx, and Keynes
Unit 9: Smith, Marx, and Keynes
 
Adam Smith
Adam SmithAdam Smith
Adam Smith
 

Recently uploaded

678020731-Sumas-y-Restas-Para-Colorear.pdf
678020731-Sumas-y-Restas-Para-Colorear.pdf678020731-Sumas-y-Restas-Para-Colorear.pdf
678020731-Sumas-y-Restas-Para-Colorear.pdf
CarlosHernanMontoyab2
 
Accounting and finance exit exam 2016 E.C.pdf
Accounting and finance exit exam 2016 E.C.pdfAccounting and finance exit exam 2016 E.C.pdf
Accounting and finance exit exam 2016 E.C.pdf
YibeltalNibretu
 
The Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdfThe Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdf
kaushalkr1407
 
Industrial Training Report- AKTU Industrial Training Report
Industrial Training Report- AKTU Industrial Training ReportIndustrial Training Report- AKTU Industrial Training Report
Industrial Training Report- AKTU Industrial Training Report
Avinash Rai
 

Recently uploaded (20)

How to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERPHow to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERP
 
UNIT – IV_PCI Complaints: Complaints and evaluation of complaints, Handling o...
UNIT – IV_PCI Complaints: Complaints and evaluation of complaints, Handling o...UNIT – IV_PCI Complaints: Complaints and evaluation of complaints, Handling o...
UNIT – IV_PCI Complaints: Complaints and evaluation of complaints, Handling o...
 
NCERT Solutions Power Sharing Class 10 Notes pdf
NCERT Solutions Power Sharing Class 10 Notes pdfNCERT Solutions Power Sharing Class 10 Notes pdf
NCERT Solutions Power Sharing Class 10 Notes pdf
 
Basic phrases for greeting and assisting costumers
Basic phrases for greeting and assisting costumersBasic phrases for greeting and assisting costumers
Basic phrases for greeting and assisting costumers
 
678020731-Sumas-y-Restas-Para-Colorear.pdf
678020731-Sumas-y-Restas-Para-Colorear.pdf678020731-Sumas-y-Restas-Para-Colorear.pdf
678020731-Sumas-y-Restas-Para-Colorear.pdf
 
MARUTI SUZUKI- A Successful Joint Venture in India.pptx
MARUTI SUZUKI- A Successful Joint Venture in India.pptxMARUTI SUZUKI- A Successful Joint Venture in India.pptx
MARUTI SUZUKI- A Successful Joint Venture in India.pptx
 
INU_CAPSTONEDESIGN_비밀번호486_업로드용 발표자료.pdf
INU_CAPSTONEDESIGN_비밀번호486_업로드용 발표자료.pdfINU_CAPSTONEDESIGN_비밀번호486_업로드용 발표자료.pdf
INU_CAPSTONEDESIGN_비밀번호486_업로드용 발표자료.pdf
 
Sectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdfSectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdf
 
Accounting and finance exit exam 2016 E.C.pdf
Accounting and finance exit exam 2016 E.C.pdfAccounting and finance exit exam 2016 E.C.pdf
Accounting and finance exit exam 2016 E.C.pdf
 
Home assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdfHome assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdf
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
 
The Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdfThe Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdf
 
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup   New Member Orientation and Q&A (May 2024).pdfWelcome to TechSoup   New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
 
The Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve ThomasonThe Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve Thomason
 
Instructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptxInstructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptx
 
Introduction to Quality Improvement Essentials
Introduction to Quality Improvement EssentialsIntroduction to Quality Improvement Essentials
Introduction to Quality Improvement Essentials
 
How to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS ModuleHow to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS Module
 
Solid waste management & Types of Basic civil Engineering notes by DJ Sir.pptx
Solid waste management & Types of Basic civil Engineering notes by DJ Sir.pptxSolid waste management & Types of Basic civil Engineering notes by DJ Sir.pptx
Solid waste management & Types of Basic civil Engineering notes by DJ Sir.pptx
 
Industrial Training Report- AKTU Industrial Training Report
Industrial Training Report- AKTU Industrial Training ReportIndustrial Training Report- AKTU Industrial Training Report
Industrial Training Report- AKTU Industrial Training Report
 
Fish and Chips - have they had their chips
Fish and Chips - have they had their chipsFish and Chips - have they had their chips
Fish and Chips - have they had their chips
 

In what way does adam smith & david

  • 1. In what way does Adam Smith & David Ricardo were connected with economics? Aim K. 9-2 Classical Economics
  • 2. Adam Smith 16 June 1723 - 17 July 1790 He was a Scottish philosopher. Self interest in economics. Included as one of the Scottish Enlightenment. Wrote two famous books based on economics; “The Theory of Moral Sentiments” and “An Inquiry into the Nature and Causes of the Wealth of Nations.” People cited him as a father of economics. Classical Economics
  • 3. Adam Smith 16 June 1723 - 17 July 1790 Adam Smith thinks that the role of government is to protect and make sure people follow the laws and shouldn’t mess up with economics. His ideas are not just only a foundations for an economics school, but it made people renowned him as a father of economics. Classical Economics
  • 4. His ideas were based on how economics should work or how it is work. After Smith had passed, but his ideas son economics were chose to stay alive. Adam Smith 16 June 1723 - 17 July 1790 Classical Economics
  • 5. David Ricardo He was an English political economist. He was 1 of the 4 influential economists. Ricardo’s interest in economics was inspired by Adam Smith’s book “Wealth of Nation”. Ricardo decided to answer a currency questions in newspaper articles. 19 April 1772 – 11 September 1823 Classical Economics
  • 6. Ricardo spends his 34 years studying on economics and in the last year he eventually become a professional economist. One of his idea is that a country that trades for a product can get a lower cost from another country if the product itself were made at home. David Ricardo 19 April 1772 – 11 September 1823 Classical Economics
  • 7. Bibliography http://www.heartoscotland.com/Categories/adam-smith.htm http://www.investopedia.com/articles/economics/08/adam-smith-economics.asp http://en.wikipedia.org/wiki/David_Ricardo http://www.victorianweb.org/economics/ric.html http://homepage.newschool.edu/het//profiles/ricardo.htm http://www.econlib.org/library/Enc/bios/Ricardo.html