Scotland's History Enlightenment and Empire The Wealth of Nations published The Adobe Flash player and Javascript are required in order to view a video which appears on this page. You may wish to ...

Beggar-thy-neighbour policies aim to benefit domestic economies at the expense of others through protectionist measures like ...

In particular, Trump espouses mercantilism, a doctrine popular in the 17th and 18th centuries. Adam Smith’s famous inquiry in ...

David Ricardo, a notable economist of the Smithian tradition, had reasoned in the Labour Theory of Value that the value of a ...

A famous saying states: "If a man is not a socialist by the time he is 20, he has no heart. If a man is not a conservative by the time he is 40, he has no brains."The statement might appear as an ...

When it comes to arguments for international trade restrictions,’ writes Sowell, ‘most of the arguments are fallacious most of the time.’ ...

It seems the notion that always holds customers superior to other agencies in the chain of value creation and consumption was based on the reasoning that if there was no effective demand, as suggested ...

As Smith noted in The Wealth of Nations (1776), “things which have ... as etched in his consequential book, Prosperity Without Growth. In the same manner, water has inestimable value, and ...

Gender ministry permanent secretary Aggrey Kibenge has left members of Parliament's budget committee stunned after revealing that the government will save only shillings 21 million from the merger of ...

Our nation is in the middle of a coup d’état, a civilian one rather than military, but a classic coup nevertheless. An ...

Nobel Prize-winning experimental economist Vernon Smith was invited to campus Feb. 7 by the Department of Economics, Finance ...