Adam Smith who is commonly known as “father of capitalism” was born in the seaport and manufacturing town of Kirkcaldy, Scotland in 1723. He was the son of Adam Smith and Margaret Douglas (Mastin, 2008). His father was a writer to the Signet as well as the comptroller of the customs whereas his mother was the daughter of an important land owner, John Douglas. His father was died in January 1723 which is 5 month before he was born (NNDM, n.d.). Therefore, he was brought up by her mother. When he was four years old, he abducted by gypsies at Strathendry but released without any injured. Adam Smith began to study Latin, mathematics, history and writing in Burgh School since 1729. He had his first school at Burgh School which is one of the best secondary schools at Scotland when he was 6 (Rae & John, 1895).

When he was fourteen years of age, he was studied social philosophy at University of Glasgow with scholarship and attended Baliol College at Oxford University in 1740. In 1748, Smith gave lectures on rhetoric and literature at the University of Edinburgh. He was met with David Hume and they shared closer intellectual and personal thinking between each other. In 1751, he worked as a professor of logic at Glasgow University and appointed professor of moral philosophy after one year. In 1759, he published ‘The Theory of Moral Sentiments’ that focus on the human morality and sympathy which refer as an ability to make judgment about individual and others.

In 1962, Adam Smith was become a tutor of the future Duke of Buccleuch which namely Charles Townshend and they travelled to France together. He was met with the philosopher Voltaire in France. In year 1776, he was moved to London and published another book which titled ‘An Inquiry into the Nature and Causes of the Wealth of Nations’ or normally known as Wealth of Nations. After two years, he was selected to be a commissioner of customs and helped to enforce laws against smuggling (Library Economics Liberty, 2008). Besides that, he was elected become a member of Royal Society of Edinburgh in 1783 (BBC, 2014). At the end of the life, Adam Smith never married and died at the age of 67 in 1790.