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 ...

Writer Nat Dyer on how David Ricardo's abstract models pushed economics into fantasy — and we all paid the price ...

Scottish stage and screen star Brian Cox has revealed he will return to perform in his home country in a major new play ...

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).

Countries with democratic governments and mostly free economies should come together and create a new trade regime, based on balance.

Research conducted by a global private equity firm found that companies whose senior management had the highest levels of empathy generated the highest financial returns.

American delegates began showing up to negotiating sessions wearing ties that bore the image of Adam Smith, the father of free markets ... but not by the “unnecessary political and economic restraints ...