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

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

The 18th-century Scottish philosopher Adam Smith is credited with writing the first great work on political economy. His treatise "The Wealth of Nations" describes the evolution and political ...

The invisible hand is a concept that was coined by economist Adam Smith to illustrate hidden economic forces. The invisible hand is a metaphor that describes the unseen forces of self-interest ...

As to the administration of justice, Smith says that the duty of the government is to protect “as far as possible, every member of the society from the injustice or oppression of every other member of ...