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 ...

Adam Smith was one of the first economists to develop the underlying principles of rational choice theory. In his book, "An Inquiry Into the Nature and Causes of the Wealth of Nations", published ...

If Adam Smith is to be made "accessible" in these days, an abbreviated edition of "The Wealth of Nations" is necessary. This present little volume gives the substance of that epoch-making book.

Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in ...

When thinking about the current crop of Australian political leaders, the adjectives great, wise, courageous and ...

Investopedia / Yurle Villegas The concept of absolute advantage was developed by 18th-century economist Adam Smith in his book The Wealth of Nations to show how countries can gain from trade ...

An illustration of a magnifying glass. An illustration of a magnifying glass.

In the book Nick tackles the crucial intersection of economic liberty and moral philosophy, highlighting the perspectives of John Rawls and Adam Smith. He confronts the ongoing debate between ...

When you think of some of the funniest actors, one that always comes to my mind, no matter what, is Adam Sandler. Getting his start on the hilarious sketch show Saturday Night Live and then moving ...

Don’t miss the last few days to see “The Summer Disaster Show,” a big group extravaganza at Private Public Gallery and “Darkening Skies,” a three-person show with Pamela Longobardi... A contemporary ...