Katie Gatti Tassin writes about how a mother’s unpaid labor built capitalism—and how women still pay the price today.

When economists celebrate the 250th anniversary of the publication of Adam Smith’s The Wealth of Nations next year, US President Donald Trump’s mercantilism will constitute an incongruous ...

This flexibility was a great strength. Contrary to Adam Smith’s view, set out in The Wealth of Nations (1776), that apprenticeships restrained competition between businesses, Wallis suggests ...

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.

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 ...

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.

Description: The phrase invisible hand was introduced by Adam Smith in his book 'The Wealth of Nations'. He assumed that an economy can work well in a free market scenario where everyone will work for ...

Journal Editorial Report: Trump strikes a deal with the United Kingdom. Rarely has an economic policy been repudiated as soundly, and as quickly, as President Trump’s Liberation Day tariffs ...