The august economist’s 250-year-old insights show he was pro-market, not pro-business. He feared crony capitalism and the ...

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 ...

Adam Smith’s 1776 classic is widely misinterpreted to cast him as an apologist for selfishness and greed. But an actual reading of his famous book takes apart the myth of his ‘market fundamentalism.’ ...

How far back can one trace the origin of an idea? Economist Adam Smith’s “invisible hand” may have hidden roots that stretch back to the days of nomadic hunting and gathering. Readers of this blog are ...

An economic theory written in Scotland in the years before the creation of the United States has guided advocates of capitalism for centuries. Adam Smith first coined the phrase “invisible hand” of ...

By Mark John LONDON, March 8 (Reuters) - Tax the rich. Trash the tariffs. End monopolies. Such are the rallying calls of many ...

We should know Adam Smith as the father of capitalism. His crowning achievement became free market gospel, but somehow he is left out of the Wall Street brochure. The ignorance of Adam Smith’s ...