Adam Smith's "The Wealth of Nations": Economic Theories Explained

Discover Adam Smith's "The Wealth of Nations," its foundational theories, and the influence on today's economies, featuring ...
JSTOR Daily

ADAM SMITH’S THEORY OF VALUE AND THE FALLING RATE OF PROFIT

Smith’s theory of value and distribution, which emphasizes labor time as the determinant of prices, has been widely misunderstood. Ricardo misinterpreted it as relevant only to primitive societies, ...
Wall Street Journal

Smith Shared a Wealth of Knowledge in 1776

In their letter “The Virtues of the ‘Knowledge Theory of Value’” (May 1), Gale Pooley and George Gilder emphasize the importance of knowledge in economic value. In doing so, however, they provide ...
Nature

Adam Smith and Political Economy

Adam Smith’s seminal contributions continue to illuminate the interconnected realms of economic behaviour and moral philosophy. His works, notably The Wealth of Nations and The Theory of Moral ...