explaining how "the system of perfect liberty" (also called "the system of natural liberty") -- the way Smith referred to commercial capitalism -- came into being, as well as how it worked. Adam ...

He is clearly rather a fan of Adam Smith. An audience who had read either ... because it appears to represent an obvious failure of capitalism. In a perfect environment with no barriers to entry ...

In 1776, Adam Smith’s seminal work ... His ideas helped develop the laissez-faire capitalism that defined much of the 19th century. Today, to ensure equitable access to resources and address ...

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, ...

It's very fashionable to be in favour of the stakeholder economy. This is the idea that companies should think about more ...

This point doesn’t detract from the high quality of Sundararajan’s book, which is essential to understanding how today’s crowd-based capitalism beats yesterday’s industrial revolution. In Adam Smith’s ...