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Biography Early life Smith was born to Margaret Douglas at Kirkcaldy, Fife, Scotland. His father, also named Adam Smith, was a lawyer, civil servant, and widower who married Margaret Douglas in 1720 and died two months after Smith was born.[4] Although...

As the science of decision making, economic philosophy operates in our daily life, whether we realize it or not. We live in a world of finite resources; economists must decide how to use these limited inputs to satisfy our never-ending list of wants...

I live in Utah. For the last five years I've had a single goal. of either attending or hosting a meeting that discusses free market health care reform. The chance to repeals PPACA is past, and I am left in the darkness wondering why these people called...

If political conservatives were to read the work of their economic mentor, Adam Smith, they’d be forced to apply the same Marxist label to Smith that they apply to President Obama. In fact, as the founder of free-market economic philosophy, propounded...

Top 10 Corporate Conspiracies – The corporation is a private tyranny legally obligated to prioritize profits for its shareholders over everything and everyone else. In this role, it regularly acts against the public good. Corporations are greedy, amoral...