Kirkcaldy, a small town on Scotland’s east coast, is a nice place. But aside from a small alleyway, Adam Smith Close, the ...

The anomalies studied by behavioral economists suggest that logic is rarely the most important factor in decisions.

Ivan Velez is an undergraduate economics major from Mexico who shares here a firsthand account of his experience with FIU’s Adam Smith Center for Economic Freedom, a non-partisan think tank. Growing ...

Adam Smith has become the symbol of American capitalism, a champion of free trade and a free market. But it wasn’t always that way. In fact, it sometimes seems as if capitalism and America share the ...