Adam Smith was an 18th-century Scottish philosopher; he is considered the father of modern economics. Smith is most famous for his 1776 book, "The Wealth of Nations." ...

Larry Kudlow pays tribute Adam Smith, the founder of free-market capitalism, on his birthday and explains how his theories could still solves the United States' economic woes today.

The concept of the invisible hand is often credited to economist Adam Smith, as the term appeared in his 1759 work, "The Theory of Moral Sentiments," and again in "The Wealth of Nations" in 1776.

Adam Smith was one of the first economists to develop the underlying principles of rational choice theory. Rational choice theory is often associated with the concepts of rational actors and the ...

Giovanni Arrighi’s Adam Smith in Beijing (2007) explores the rise of China as a global economic power through the lens of Adam Smith’s theories, particularly those in The Wealth of Nations. Arrighi ...

In doing so, however, they provide further evidence that Adam Smith got there first. Before discussing the concept of value in “The Wealth of Nations” (1776), Smith notes the importance of ...

Nordhaus offers a modern version of the labor theory of value, which in various versions dates at least to Adam Smith’s “The Wealth of Nations” (1776), often taken to be the beginning of ...