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George Gilder and Gale Pooley may point to an application in which a version of it should be revived.
Adam Smith defined how we think about free markets. His guiding principle was, famously, the invisible hand – a mystical ...
One framework for understanding markets is the invisible hand theory, an idea proposed by economist Adam Smith that illustrates ... may be of the greatest value, he intends only his own gain ...
For Smith's theory does unquestionably lead to a doctrine of laissez-faire. To Adam Smith the least government is certainly the best: governments are spendthrift, irresponsible, and unproductive.
That’s the subject of the November Adam Smith 300 essay, written by Ryan Hanley of Boston College. What makes Smith’s philosophy of living any more worth our attention than many others that we ...
Excerpt from Paper Money by "Adam Smith," (George J.W. Goodman), pp ... and the Italian lira all had about equal value, and all were exchanged four or five to the dollar. That was in 1914.