Learn about Adam Smith and his ideas and theories in economics. Discover Smith's major champions in the field of economics, David Ricardo and Thomas Malthus.

Learn who wrote The Wealth of Nations. Read a summary of Adam Smith's The Wealth of Nations and the theories of free markets, productivity, and division of labor.

Learn about the invisible hand theory in economics. Explore how Adam Smith came up with the concept of the invisible hand theory and see an invisible hand example.

Learn about Adam Smith and his books and beliefs about economics and economic theory, including capitalism. Discover Smith's concept of the...

How does Adam Smith define division of labor? According to Adam Smith, division of labor involves assessing the production process and allocating tasks to individuals to enhance productivity.

Adam Smith and Karl Marx are two iconic economists that had monumental impacts on modern economic theory. Explore the theories of these two men and compare their ideologies.

Explore human morality and ethics according to Adam Smith in just 5 minutes. Examine the impact of this philosopher's insights on modern ethics, then take a quiz.

The diamond-water paradox is an early economic problem proposed by Adam Smith. Adam Smith was a Scottish philosopher and economist. Many people consider him to be the father of modern economics.

The theory was proposed by economist Adam Smith in 1776. He used the rational choice theory to describe how the free market can actually benefit from people acting in their own self-interest.

Perfect competition is perpetuated in regulated economic market systems, as the concept of the 'invisible hand,' devised by Adam Smith, keeps supply and demand lines in check. Learn more about ...