Discover Adam Smith's "The Wealth of Nations," its foundational theories, and the influence on today's economies, featuring ...

This year marks the 300th anniversary of Adam Smith, the iconic figure behind the theory of free markets, or of what we have since come to call “capitalism.” Born in June 1723, Smith went on to ...

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 ...

The founding father of free market economics, Adam Smith, is best known for his famous simile in The Wealth of Nations (1776) about the "invisible hand," which seemed to endorse a dark view of human ...