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

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 ...

The invisible hand is a concept introduced by economist Adam Smith. It refers to the self-regulating nature of markets where ...

The concept of the invisible hand is one of the many contributions of the legendary Scottish philosopher and economist Adam Smith. In his book The Wealth of Nations, Smith wrote of a person who ...

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 ...

Though the term "civil society" is not used in economics today, its origins trace back to Adam Smith in the 18th century. Economic interactions within civil society often involve motivations ...

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 ...