Categories
Adam Smith

Free trade vs Protectionism

There is a lot of criticism of how we are sending US jobs abroad. As someone who believes in the free market, it is often hard for me to defend against this. Free trade vs protectionism is an old debate. Even I have doubts, then my doubts have doubts. So if you are someone who […]

Categories
Adam Smith

Adam Smith Laissez-Faire

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 […]

Categories
Adam Smith

Wealth of Nations in PDF for free

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 the way you understand politics and economics. People say OK free trade and the invisible hand, however, there is a lot […]

Categories
Adam Smith

Adam Smith on how to make money

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 […]

Categories
Adam Smith

Adam Smith on division of labor

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 the division of labor, education, and character are responsible for a person a lot in life and not a genius or genetic ability. It is a fairy-tale and lies of some […]

Categories
Adam Smith

Adam Smith on socialism

The purpose of this post is to answer the question of what were Adam Smith’s views on Socialism. Some people believe Adam Smith was a socialist. 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 […]

Categories
Adam Smith

Adam Smith on women

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 […]

Categories
Adam Smith

Adam Smith’s invisible hand

The invisible hand conceived by Adam Smith is the greatest argument against socialism, Kings, Queens, technocrats, bureaucrats and social engineers. The theory was expressed in the An Inquiry into the Nature and Causes of the Wealth of Nations in 1776 and elements of his philosophy in The theory of Moral Sentiments in 1759. The invisible […]

Categories
Adam Smith

Adam Smith – how countries get rich

Why and how countries get rich? Adam Smith explained it clearly. In terms of supply and demand but also in terms of the ability for a nation to produce quality output that would be demanded by others. The metaphor can be applied to your personal financial situation and is obvious if you can also create […]

Categories
Adam Smith

Adam Smith was right

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 […]