Adam Smith’s Wealth of Nations (1776) is still appropriately considered the first great work in modern economics. Smith understands that people and geographic areas have different abilities in ...

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 ...

As early as the 18th century, Adam Smith, the father of modern economics, devoted himself to the study of family. Even so, family economics as a field has long been neglected. Michèle Tertilt is one ...

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 ...

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, ...

This refutes the orthodoxy of unilateral free trade championed for hundreds of years beginning with the 1776 “Wealth of Nations” author Adam Smith, widely known as the father of modern economics. But ...

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 ...