Discover Adam Smith's "The Wealth of Nations," its foundational theories, and the influence on today's economies, featuring ...

Discover the evolution of economics from ancient times to modern theories that influence global markets, including Adam Smith and Keynesian approaches.

Like most of Mr. Gelfuso's columns, his piece on the role of government in a free society (The Daily Star, April 26) is very persuasive until you examine the assumptions and history beneath his ...

Smith’s theory of value and distribution, which emphasizes labor time as the determinant of prices, has been widely misunderstood. Ricardo misinterpreted it as relevant only to primitive societies, ...

George Gilder and Gale Pooley rightly note that a useful measure of how much things cost is how long we must work to earn enough to purchase them (“We Should Measure Prices in Time,” op-ed, April 17).

Adam Smith’s seminal contributions continue to illuminate the interconnected realms of economic behaviour and moral philosophy. His works, notably The Wealth of Nations and The Theory of Moral ...

Have you ever wondered who is called the Father of Economics? Let's explore the history and main theories of this famous Scottish thinker.

In their letter “The Virtues of the ‘Knowledge Theory of Value’” (May 1), Gale Pooley and George Gilder emphasize the importance of knowledge in economic value. In doing so, however, they provide ...