The father of capitalism, Adam Smith, laid out the basic tenets of this system in his iconic book, "The Wealth of Nations." Businesses have a distinct advantage under a capitalist economy than ...

T o Thomas Carlyle, it was “one of the shabbiest gospels ever preached”. Adam Smith was an early fan, but was still ...

A portrait of Adam Smith, 1795. (Photo by Fine Art Images/Heritage Images/Getty Images) By signing up, you confirm that you are over the age of 16 and agree to receive occasional promotional ...

Liu, author of Adam Smith’s America: How a Scottish Philosopher Became an Icon of American Capitalism. To Liu, the Adam Smith most familiar to US publics is the phantasmagoric lovechild of ...

Why? Because it's Adam Smith's birthday. Who's Adam Smith? He's the founder of free-market capitalism, baptized on June 16, 1723, 300 years ago. Glasgow, Scotland. Our Founding Fathers thought he ...

Why Is Adam Smith Called the Father of Economics? Adam Smith is called the "father of economics" because of his theories on capitalism, free markets, and supply and demand. Adam Smith wrote "The ...