More than 245 years ago, an unassuming Scottish tutor to a young British duke published a sprawling manuscript about how, when, and why nations become materially prosperous. At first glance, An ...

Black Friday is a good time to recall certain “classical” observations about economics and society. We ought to recall Adam Smith, both his Theory of Moral Sentiments (1759) and his much better-known ...

Adam Smith is not who you think he is. Long hailed as the founder of modern economics and the father of capitalism, the 18th-century Scottish thinker was not only an economist and the author of The ...

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 ...

Log-in to bookmark & organize content - it's free! This clip provides definitions and a discussion on current perspectives on socialism and capitalism. Polling data about these economic systems among ...

Excerpt and condensation of Chapter 4 from The Worldly Philosophers: The Lives, Times, and Ideas of the Great Economic Thinkers by Robert L. Heilbroner, 7th ed., 1999. Robert Heilbroner's The Worldly ...

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Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...