Mr Cassidy wastes little ink agonising over precisely what capitalism means. Instead, he tells its story in mosaic fashion, ...

Capitalist and socialist economies are very different; capitalism relies on the markets, while socialism relies on government planning. Each system has its pros and cons.

Why would Adam Smith, the father of modern economics, be appalled -- like any sane observer -- by the arrest and incarceration, albeit for a short period, of Nusraat Faria? Because for Smith, the ...

Celebrating the anniversary of a bona fide animated masterpiece gives weight to reflection on the meaning of life itself, far beyond the promise of just another sparky animation, finds Karl Smith ...

Guest: Kelly Lytle Hernández is the Thomas E. Lifka Endowed Chair in History and the director of the Ralph J. Bunche Center for African American Studies at UCLA. She is a 2019 MacArthur “Genius Grant” ...

Adam Smith, formerly chief financial officer at Vante, stepped down after the video - which Smith shot and uploaded himself -caused embarrassment to the company. The video was picked up by ...

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 ...