Adam Smith

Was Adam Smith laissez-faire What did it mean that Adam Smith was laissez-faire? This asks another question, did Adam Smith really support an economy free from government interference? Generally yes, but there is more to the story and it is worth trying to understand more on the subject. The most important thing is to understand [...]

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An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith Everyone talks about Adam Smith but how many people actually have read him? His book can change your life as the way you understand politics and economics. People say OK free trade and the invisible hand, however, there is a [...]

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Have you ever thought of working for yourself but do not have the courage?  You will always make more money working for yourself than a company. The purpose of this post is twofold; one, to appeal to your emotions on why you need to start your own company and the second, is a logical argument [...]

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Did you know Adam Smith outlines why people are poor and others are rich? If you apply his thinking to a modern free information global economy, you can free yourself from poverty and make money. With this insight from a great economist from the past you can add value to society as well as have [...]

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Call me an idealist but I agree with the enlightenment philosopher Adam Smith when it comes to people’s abilities. I believe the effects of division of labor, education and character are responsible for a persons lot in life and not genius or genetic ability. It is a fairy-tale and lie of some modern academics to [...]

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The purpose of this post is to answer the question what were Adam Smith’s views on Socialism. Some people believe Adam Smith was a socialists. What would Smith think of the world today and the state-run economies? Is it all that bad? The wonderful world of Adam Smith was not so wonderful. There was slavery, [...]

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What did Adam Smith think of the effect of wealth on women and family? This is an interesting question as many American guys complain that American society has become so wealthy that it has corrupted women’s ability to provide a happy family life.  They feel American women are spoiled and do not make good mother’s [...]

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Although everyone speaks about Adam Smith, few people read him.  I love reading Adam Smith as you find something that is not in common wisdom. Anyway, here is Adam Smiths invisible hand quote.  So many people talk about the invisible hand but in the Wealth of nations it only appears once. he intends only his [...]

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Why and how countries get rich? Adam Smith explained it clearly. Adam Smith basically says that production (supply) should outpace consumption (demand). The annual labor of every nation is the fund which originally supplies it with all the necessaries and conveniences of life which it annually consumes, and which consist always either in the immediate [...]

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Adam Smith was right. Ronald Reagan was right when he said ‘government is the problem’. Government and the economy At first I was for government intervention. I thought maybe the president was a bright strong leader and will solve many of the problems of the US economy. But it is very clear to me that [...]

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