Adam Smith has become the symbol of American capitalism, a champion of free trade and a free market. But it wasn’t always ...

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How far back can one trace the origin of an idea? Adam Smith’s “invisible hand” may have hidden roots that stretch back to the days of nomadic hunting and gathering. Readers of this blog are already ...

An economic theory written in Scotland in the years before the creation of the United States has guided advocates of capitalism for centuries. Adam Smith first coined the phrase “invisible hand” of ...