Adam Smith, often referred to as the father of modern economics, made significant contributions to the field of political economy, particularly through his seminal works, "The Wealth of Nations ...

But for all the attributes of modern-day economic society ... is surmounted by the second great law of the system: the Law of Population. To Adam Smith, laborers, like any other commodity ...

Smith’s The Theory of Moral Sentiments included this passage about spontaneous order vs planned economy. Adam Smith was a Scottish political philosopher and economist, considered one of the ...

Capitalism is often thought of as an economic system in which private actors own and ... The essential feature of capitalism is the motive to make a profit. As Adam Smith, the 18th century philosopher ...

A popular legend calls Adam Smith the Father of Political Economy and his two great books—The Theory ... Smith’s books did not lay the foundation stone, but the keystone, of a marvelous system of ...

Adam Smith advocated laissez faire for most sectors of the economy, but he believed that banking and finance ... to have been a response to the shocks that hit the Scottish banking system during the ...

In the Wealth of Nations, Adam Smith argues that a country's national income ... rights and allow investment and exchange to take place will see economic progress take place. Smith's emphasis on a ...