David Ricardo, a notable economist of the Smithian tradition, had reasoned in the Labour Theory of Value that the value of a ...

Beggar-thy-neighbour policies aim to benefit domestic economies at the expense of others through protectionist measures like ...

It seems the notion that always holds customers superior to other agencies in the chain of value creation and consumption was based on the reasoning that if there was no effective demand, as suggested ...

In particular, Trump espouses mercantilism, a doctrine popular in the 17th and 18th centuries. Adam Smith’s famous inquiry in ...

Documenting the vast wealth accumulated by the Glasgow tobacco merchants, Adam Smith writes and publishes his influential book The Wealth of Nations. Video: A history of Scotland: The Price of ...

as suggested by Adam Smith (1776), an enterprise’s reason for being would suffer irrecoverably. I think it is time we revisited the philosophy that prioritises the centrality of the customer and ...

When it comes to arguments for international trade restrictions,’ writes Sowell, ‘most of the arguments are fallacious most of the time.’ ...

Adam Smith in his very useful Book entitled: “The source of the Wealth of Nations” of 1776". He also, through a Runyankole proverb, likens the decision to rationalise the government agencies ...

I was approached by the Alliance for Responsible Citizenship (Arc) to write a chapter in a book defending Western ...