“As Adam Smith observed, trade without tariffs makes people richer. The more trade, the more wealth. Tariffs impoverish ...

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

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, ...

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

Adam Smith labeled the machine the “invisible hand.” In The Wealth of Nations, published in 1776, Smith, widely considered the father of economics, emphasized the economy’s self-regulating nature—that ...

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 ...

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 ...

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 ...