Adam Smith defined how we think about free markets. His guiding principle was, famously, the invisible hand – a mystical ...

This article critically examines Donald Trump’s economic agenda through the theoretical framework of classical liberalism.

Matson earned his PhD in economics from George Mason University and his research focuses on eighteenth-​century British moral ...

Economists operating within the classical paradigm of markets always being in equilibrium had no plausible explanation for the extreme “market failure” of the 1930s. If Adam Smith is the father of ...

Adam Smith balked at restraints on free trade ‘either by high duties, or by absolute prohibitions’. The return of high ...