retiring in 2000. He was succeeded by Gary Koop. In 2005, Ronald MacDonald, Professor of International Finance at the University of Strathclyde, was appointed to the chair. MacDonald is an internationally respected economist and an authority on exchange rates. Alongside his consulting work, he holds the chair on a part-time basis. Andrew Stewart Andrew Stewart (1832–1901) was born in Johnstone and grew up in Glasgow. He became an apprentice to a tube-manufacturer, and established his own business in 1861, selling pipes for gas and water. In 1867, he and his brother, James, formed a partnership, A & J Stewart, which went on to become Stewarts & Lloyds, one of the largest steel tube-manufacturers in the country. In 1896, he made a gift to the University of Glasgow to establish the Adam Smith Chair in Political Economy. The university awarded him an LLD in 1900. Adam Smith Professors of Political Economy 1896-1915: William Smart 1915-1940: William Robert Scott 1945-1958: Alec Lawrence Macfie 1958-1985: Thomas Wilson 1985-1992: David Vines 1994-2000: Andrew Stewart Skinner 2000-2005: Gary Koop 2005–present: Ronald MacDonald See also List of Professorships at the University of Glasgow References 1892 establishments in Scotland Political Economy, Smith, Adam Political Economy, Smith, Adam, Glasgow