Adam Smith and Insurance

Adam Smith did not write about much about insurance but here are some thoughts and quotes that are connected. Adam Smith on Risk The contempt of risk, and the presumptuous hope of success, are in no period of life more active than at the age at which young people choose their professions. How little the …

Adam Smith government

Government leaders have never read Adam Smith. I am sure of it. At least not in full.  In fact, if bureaucrats and politicians had read Smith they would understand that small government means small problems and big government means big problems. Or in the ideals of our founding fathers ‘the government that governs least governs …

Adam Smith philosophy

Adam Smith was a Scottish moral philosopher with noteworthy contributions to political economy relating to how individuals make the market economy, and free trade. However, at the core of his thinking he was driven by a moral conviction to find how to improve society in a just way. He is considered the father of modern …