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Adam Smith was the father of modern economics. As laid out in his book “The Nature and Causes of the Wealth of Nations,” the invisible hand was an argument for limitations on the r...
Several of America’s founding fathers cited Adam Smith’s works and found common cause with the philosopher’s ideas
Whenever the history of economics is discussed, one name almost automatically appears: Adam Smith. Students across the world are taught that Smith is the "Father of Economics," and...
The year 1776 was a momentous one, and not just because of what Americans commemorate every July 4. On March 9 of that year, a book was published that changed the world forever: Ad...
A small industry within the history of economic thought continues to churn through the historical record in search of direct links between European ideas in political economy and t...
In The Theory of Moral Sentiments, Adam Smith explains that we want to establish a “mutual sympathy of sentiments.” We want people to agree with our views, and we want to agree wit...
March 2026 marked the 250th anniversary of the publication of An Inquiry into the Nature and Causes of the Wealth of Nations (1776). However, Adam Smith was also the author of The...
“It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest.” – Adam Smith, Wealth of Nations...
In a troubled world, Scotland’s expertise in ethical and sustainable finance is more important than ever
Coincident with the celebration of the 250th anniversary of the signing of the American Declaration of Independence is the 250th anniversary of the publication of “The Wealth of Na...
Adam Smith articulated the rhetoric of the Bourgeois Deal by highlighting fundamental differences among commercial, political, and martial societies. Everyone, he argued, is always...
Adam Smith and Karl Marx are usually cast as opposites. A closer reading of history suggests they were more like two physicians examining the same patient – at very different stage...
As amoral artificial intelligence erodes their humanity, our children risk becoming very different people to previous generations
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