explaining how "the system of perfect liberty" (also called "the system of natural liberty") -- the way Smith referred to commercial capitalism -- came into being, as well as how it worked. Adam ...

He is clearly rather a fan of Adam Smith. An audience who had read either ... because it appears to represent an obvious failure of capitalism. In a perfect environment with no barriers to entry ...

The essential feature of capitalism is the motive to make a profit. As Adam Smith, the 18th century philosopher and father of modern economics, said: “It is not from the benevolence of the butcher, ...

This course seeks to explore the theory, history, and state structures of capitalism; examine its manifestations in several national contexts; and understand the ways in which systemic changes to ...

This point doesn’t detract from the high quality of Sundararajan’s book, which is essential to understanding how today’s crowd-based capitalism beats yesterday’s industrial revolution. In Adam Smith’s ...

Ironic, considering capitalism’s devotees preach democracy and an excess of choice. Adam Smith didn’t let capitalism grow to this stage, we did. Obviously, the individual person is almost ...