Good morning, Whitewater.
Friday in town will be sunny with a high of seventy-three. Sunrise is 5:17 and sunset 8:29 for 15h 12m 43s of daytime. The moon is a waning gibbous, with 90.7% of its visible disk illuminated.
On this day in 1723, Adam Smith is born:
Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish moral philosopher, pioneer of political economy, and key Scottish Enlightenment figure.[1]
Smith is best known for two classic works: The Theory of Moral Sentiments (1759), and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter, usually abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics. Smith is cited as the “father of modern economics” and is still among the most influential thinkers in the field of economics today.[2]
Smith studied social philosophy at the University of Glasgow and at Balliol College, Oxford, where he was one of the first students to benefit from scholarships set up by fellow Scot, John Snell. After graduating, he delivered a successful series of public lectures atEdinburgh, leading him to collaborate with David Hume during the Scottish Enlightenment. Smith obtained a professorship at Glasgow teaching moral philosophy, and during this time he wrote and published The Theory of Moral Sentiments. In his later life, he took a tutoring position that allowed him to travel throughout Europe, where he met other intellectual leaders of his day.
Smith laid the foundations of classical free market economic theory. The Wealth of Nations was a precursor to the modern academic discipline of economics. In this and other works, he expounded upon how rational self-interest and competition can lead to economic prosperity. Smith was controversial in his own day and his general approach and writing style were often satirised by Tory writers in the moralising tradition of William Hogarth and Jonathan Swift. In 2005, The Wealth of Nations was named among the 100 Best Scottish Books of all time.[3]
It’s worth noting that those who criticize Smith without having read his Theory of Moral Sentiments (1759) simply do not understand the thinking of the man they’re criticizing.
On this day in 1883, William Horlick receives a patent for powdered milk:
On this date William Horlick patented the first powdered milk in the world. He named his new product, intended to be used as a health food for infants, “Malted Milk.” Horlick’s product went on to be used as a staple in fountain drinks as well as survival provisions. Malted milk was even included in explorations undertaken by Robert Peary, Roald Amundsen and Richard Byrd. [Source: Racine History]
Here’s the final game in Puzzability‘s Six-Packs series:
|
This Week’s Game — June 1-5
|
|||||
|
Six-Packs
|
|||||
|
We’ve got a splinter group of trivia every day this week. For each day, we’ll give you a category and a list of all the members of that category with six letters in their names—except one.
|
|||||
|
Example:
|
|||||
|
Current Supreme Court justices: Breyer, Thomas
|
|||||
|
Answer:
|
|||||
|
Scalia
|
|||||
|
What to Submit:
|
|||||
|
Submit the missing category member (as “Scalia” in the example) for your answer.
|
|||||
 |
|||||
|
Friday, June 5
|
|||||
|
