On the 302nd anniversary of Adam Smith’s baptism, his enduring insights into free trade and the folly of protectionism remain ...

When economists celebrate the 250th anniversary of the publication of Adam Smith’s The Wealth of Nations next year, US President Donald Trump’s mercantilism will constitute an incongruous ...

In doing so, however, they provide further evidence that Adam Smith got there first. Before discussing the concept of value in “The Wealth of Nations” (1776), Smith notes the importance of ...

(Photo by Hulton Archive/Getty Images) Adam Smith taught us that trade is not a zero-sum game 250 years ago. Trump may not have read his Wealth of Nations, but the rest of the world now must ...

These were set out by Adam Smith in The Wealth of Nations (1776) as “canons of taxation." They still serve as a good test for tax ideas. The first canon is that of ‘equity.’ The tax burden ...