Adam Smith

     

While tutoring the Duke of Buccleuch Adam Smith made a lot of money and his services also garnered him a life pension. After tutoring the Duke, Smith was financially able to retire to his birthplace of Kirkcaldy Scotland and write The Wealth of Nations. This photo shows Adam Smith standing at a table - can you find the three differences in this photo hunt puzzle?

Adam Smith also coined the term Invisible hand to describe the natural force that guides the free market through competition for resources. Adam Smith felt that regulation wasnt needed to ensure a mutually beneficial exchange of goods and services because the "invisible hand" would guide people to trade in the most mutually beneficial manner.

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