The book has enlivened the study of economics for beginning ... For Smith's theory does unquestionably lead to a doctrine of laissez-faire. To Adam Smith the least government is certainly the ...

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 ...

Theory of money alone underwent notable change during this period, 431.--Defect in Adam Smith's theory, 436.--The Bank Restriction of 1797, 441.--The writings and influence of Boyd Thornton, King, ...

Widely discussed in both economics and investing ... The invisible hand is a metaphor first used by Adam Smith in "The Theory of Moral Sentiments" in 1759 to describe how individual self-interest ...

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, ...

In fact, most economists, at the time when he embarked on the journey of bringing experimental methods to economics, believed that the standard theory of supply and demand ... a forthcoming book that ...