How do you get your dinner? That is the basic question of economics. When economist and philosopher Adam Smith proclaimed that all our actions were motivated by self-interest, he used the example of the baker and the butcher as he laid the foundations for 'economic man.' He argued that the baker and[...]

Adam Smith's Wealth of Nations is the first book of modern political economy, and still provides the foundation for the study of that discipline. Along with important discussions of economics and political theory, it mixes plain common sense with large measures of history, philosophy, psychology and[...]

In the late eighteenth century, the political economist Adam Smith predicted an eventual equalization of power between the conquering West and the conquered non-West. Demonstrating Smith's continued relevance to understanding China's extraordinary rise, Arrighi examines the events that have brought [...]

It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect our dinner, but from their regard to their own interestWhen Adam Smith wrote that all our actions stem from self-interest and the world turns because of financial gain he brought to life 'economic man'. Selfi[...]

The planet Saturn brings astrologers most of their clients. Saturn is the astrological ruler of fate and time, the decider of the difference between good and bad times in life, when we are heading for trouble and when that trouble will end. To identify our biggest current life problem, all we have t[...]

Published in 1776, Adam Smith's The Wealth of Nations was the first comprehensive treatment of political economy. Today it is considered one of the most influential books ever written and its author is regarded as the father of classical economics. Smith did for economics what Darwin did for science[...]

Au XVIIIe siecle, Adam Smith etudie la division du travail comme source d'immenses gains de productivite. L'auteur montre cependant que cette theorie est fausse et que l'expression "e;division du travail"e; designe mal une affectation des ouvriers a des postes, definis par des outils et des [...]

Adam Smith gilt als Vater der ?modernen? Ökonomie. Mit der Metapher der ?unsichtbaren Hand? schafft er die theoretische Grundlage einer auf Selbststeuerung beruhenden Marktwirtschaft, in der ein dem Markt innewohnender Automatismus stets zur optimalen Güterverteilung führen und damit die Wohlfahr[...]

Adam Smith er ´økonomiens fader´. Med afsæt i sin stilling som professor i moral filosofi skrev han økonomiske værker ind i samtidens politiske og samfundsmæssige diskurser. Dette gør ham til den første og den mest vidtspændende af ´Økonomiens Konger´.[...]