Even Friedrich List might raise an eyebrow at Trump’s approach. One could imagine him advising the new president: “Tariffs ...

Economics, the backbone of every society, is not merely about numbers, charts, or policies—it’s about human aspirations, ...

The essential feature of capitalism is the motive to make a profit. As Adam Smith, the 18th century philosopher and father of modern economics, said: “It is not from the benevolence of the butcher, ...

Given this zeitgeist, a book on the moral philosophy of Adam Smith is timely indeed. While Smith may be the founder of modern economics, he was first and foremost a professor of moral philosophy. Yet ...

At the very beginning of the industrial revolution, Smith pointed out not only slavery’s vanities and vices, but its economic contradictions. That’s the subject of the November Adam Smith 300 ...

The historical character featured on the note is Adam Smith (1723-1790), one of the fathers of modern economics. The note quotes his famous example of workers in a pin factory, which demonstrated ...

according to Adam Smith (1723-1790), the famed Scottish economist and “The Father of Economics,” who introduced the term “invisible hand.” But wait, is that all there is to it? Didn’t ...