They are a bad idea.” Dr Madsen Pirie, president of the Adam Smith Institute, neatly summed up the views of the Kirkcaldy-born ‘Father of Economics’ on tariffs in an article following Donald ...

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 ...

The author is an economic columnist and CEO of Geuljaengi.Inc. Adam Smith, the founding father of economics, mentioned the “invisible hand” only once in “The Wealth of Nations” (1776).

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, ...

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 ...

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 ...