If Adam Smith is to be made "accessible" in these days, an abbreviated edition of "The Wealth of Nations" is necessary. This present little volume gives the substance of that epoch-making book.

When economists celebrate the 250th anniversary of the publication of Adam Smith’s The Wealth of Nations next year, US President Donald Trump’s mercantilism will constitute an incongruous ...

The father of capitalism, Adam Smith, laid out the basic tenets of this system in his iconic book, "The Wealth of Nations." Businesses have a distinct advantage under a capitalist economy than ...

This flexibility was a great strength. Contrary to Adam Smith’s view, set out in The Wealth of Nations (1776), that apprenticeships restrained competition between businesses, Wallis suggests ...

Investopedia / Yurle Villegas The concept of absolute advantage was developed by 18th-century economist Adam Smith in his book The Wealth of Nations to show how countries can gain from trade ...

Adam Smith was one of the first economists to develop the underlying principles of rational choice theory. In his book, "An Inquiry Into the Nature and Causes of the Wealth of Nations", published ...

Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in ...

Description: The phrase invisible hand was introduced by Adam Smith in his book 'The Wealth of Nations'. He assumed that an economy can work well in a free market scenario where everyone will work for ...