Although Adam Smith is well-known for emphasizing division of labor, his analysis was woefully incomplete, as Dr. Mark Thornton points out.
The invisible hand is a concept introduced by economist Adam Smith. It refers to the self-regulating nature of markets where individual actions, driven by personal interests, contribute to overall ...
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Quote of the Day: A powerful Quote of the Day does more than sound wise; it asks us to pause and examine how we think, judge, and act in our everyday lives. Some quotes endure not because they offer ...
NEW YORK, Oct. 28, 2025 /PRNewswire/ -- On March 9, 2026, the 250 th anniversary of the publication of Adam Smith's The Nature and Causes of the Wealth of Nations, esteemed global economist Dambisa ...