A few minutes after I took that shot on Edinburgh’s Royal Mile of David Hume and his big toe (see here) we found ourselves just outside St Giles Cathedral staring at another statue created by the Scot artist Sandy Stoddart. The subject of this statue is another great Scot of the Age of Enlightenment, Adam Smith, called by many the Father of Modern Economics.
This statue of Adam Smith by the sculptor Sandy Stoddart was unveiled on Edinburgh’s Royal Mile in 2008.
Click on any photo to see a larger version of that photo.
Leanne Cole has decided to skip her Monochrome Madness Challenge this week but I decided to go ahead anyway and post this monochrome picture of David Hume’s good friend.
Adam Smith (1723 – 1790) began his career as a free-lance lecturer in Edinburgh in 1748. In 1751 he acquired the chair of Logic at Glasgow university and a year later he was appointed Professor of Moral Philosophy there. In 1759 he published his Theory of Moral Sentiment. Shortly after he lived abroad as a private tutor for awhile but returned to Scotland in 1765 and proceeded to work on what was to become his masterpiece, An Inquiry into the Nature and Causes of the Wealth of Nations.
Smith published his work in 1776, the same year his old friend David Hume died. There’s a story that Ben Franklin visited Scotland in 1775 and Smith showed him his manuscript. A year later Thomas Jefferson wrote his Declaration Of Independence and the American Revolution began. And Smith’s book was an immediate success though he received much ridicule from his Tory detractors who still believed in the economics of mercantilism. Smith was appointed Commissioner of Customs in Edinburgh in 1778 and he died in 1790.
In The Wealth of Nations (the abbreviated title is used by just about everyone these days) Adam Smith espouses the concepts of free trade and the division of labor. The rise of Capitalism in both the US and Britain during the 19th century is usually attributed to this one book by Adam Smith.
This statue was unveiled on July 4, 2008 and Smith has taken quite a beating by the weather and the birds these last eight years. Here’s the original color version:
The Adam Smith statue is on the Royal Mile just outside St Giles Cathedral.
Leanne’s Monochrome Madness Challenge will be back next week. Don’t forget to check out her website to see the latest monochrome entries. She usually posts the weekly Challenge on Thursdays in Australia (Wednesdays in North America and Europe).