John Snell in the context of "University of Glasgow"

Adam Smith (baptised 16 June [O.S. 5 June] 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the field of political economy and key figure during the Scottish Enlightenment. Seen by many as the "father of economics" or the "father of capitalism", he is primarily 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, often abbreviated as The Wealth of Nations, is regarded as his magnum opus, marking the inception of modern economic scholarship as a comprehensive system and an academic discipline. Smith refuses to explain the distribution of wealth and power in terms of divine will and instead appeals to natural, political, social, economic, legal, environmental and technological factors, as well as the interactions among them. The work is notable for its contribution to economic theory, particularly in its exposition of concept of absolute advantage.

Born in Kirkcaldy, Fife, Smith studied social philosophy at the University of Glasgow and at the University of Oxford, where he was one of the first students to benefit from scholarships set up by John Snell. Following his graduation, he delivered a successful series of public lectures at the University of Edinburgh, that met with acclaim. This led to a collaboration with David Hume during the Scottish Enlightenment. Smith obtained a professorship at Glasgow, where he taught moral philosophy. During this period, he wrote and published The Theory of Moral Sentiments. Subsequently, he assumed a tutoring position that facilitated travel throughout Europe, where he encountered intellectual figures of his era.

The Snell Exhibition is an annual scholarship awarded to students of the University of Glasgow to allow them to undertake postgraduate study at Balliol College, Oxford. The award was founded by the bequest of Sir John Snell in a will made in 1677, although the original stipulation referred to the University of Oxford, rather than Balliol in particular. Snell died on 6 August 1679, but wrangling over the will meant that it was nearly twenty years before the first scholarships were awarded; the first four Snell Exhibitioners were admitted to Balliol in mid-1699.

Snell had been a Royalist in the Civil War, and was later secretary to the Duke of Monmouth and had the management of his Scottish estates. He intended the bequest to be used to educate Scottish clergymen for the then-established Scottish Episcopal Church. By Adam Smith's day, the bequest was mostly regarded as an educational charity, though its exact status was not settled until later. "By the will of John Snell his exhibitors were under bond to take Anglican orders and return to Scotland, but the penalty was not enforced in the case of Adam Smith and numerous others." (C. R. Fay, quoting The Times obituary of Smith.) Snell is buried in St Cross Church, which since 2011 has housed Balliol's Special Collections Library, being next to the college's graduate centre, Holywell Manor.