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 ...

For roughly 250 years, the Western world has operated under a gentleman’s agreement with a ghost. That ghost is Adam Smith’s “Invisible Hand” – the elegant, Enlightenment-era idea that if you simply ...

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 ...

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 ...

The invisible hand is a concept introduced by economist Adam Smith. It refers to the self-regulating nature of markets where individual actions, driven by personal interests, contribute to overall ...