Analysis - In recent years, the global economy has seen a dramatic shift from the principles of free trade to a resurgence of mercantilist policies, raising questions about the future of international ...

Dan Klein prompts us to think about the relationship between superiors and inferiors, and how this sheds light on our understanding of hierarchy, equality, and liberty in social and political affairs.

Bengaluru is now abuzz with delivery riders, freelance designers, independent consultants, content creators among others, who ...

Despite arguments from President Trump and his supporters, there is no such thing as an “optimal” tariff. If anything, Americans have the upper hand in trade ...

Those who wonder why they have to pay such highly exorbitant price for food that is so readi­ly available in the markets must be thinking in terms of classical economic theory, which says that where ...

these ideas build on Adam Smith's original theories. The term “classical economists” is not actually a school of macroeconomic thought but a label applied first by Karl Marx and later by ...

James Doughney’s latest contribution to the discussion on Marx’s tendency of the rate of profit to fall avoids the key point: the relationship between the proportional rise in the mass of physical ...

Rep. Adam Smith, D-Wash., told Morning Edition that House Speaker Mike Johnson and House Republicans blocked any inquiry resolutions into the matter because they know Hegseth and his actions are ...

In their letter “The Virtues of the ‘Knowledge Theory of Value’” (May 1 ... In doing so, however, they provide further evidence that Adam Smith got there first. Before discussing the ...

Adam Smith was one of the first economists to develop the underlying principles of rational choice theory. Rational choice theory is often associated with the concepts of rational actors and the ...