Scotland and Edinburgh in the latter half of the 18th century were uncommonly prolific of genius. This year we celebrate the 300th anniversary of the birth of Adam Smith, and the coming years will see ...

In “America Has a Surplus in Services” (op-ed, Nov. 14), Michael Corbat argues correctly that since Adam Smith there has been a “profound evolution in leading economies from manufacturing-dominated to ...

Nearly 250 years ago, Adam Smith identified two potential constraints on economic specialization: the “extent of the market” and the inevitable risks. Today, the risk constraint is proving to be the ...

Introduction Adam Smith, the man often called the father of modern economics, is widely misunderstood. Many people imagine him as a champion of greed, a thinker who believed that selfishness ...

Anna Plassart does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...

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