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Adam Smith

Adam Smith, alongside the title page of The Wealth of Nations | Illustration: Cadell and Davies (1811), John Horsburgh (1828) or R.C. Bell (1872)/Adam Smith/BEIC Foundation/Wikimedia Commons

Adam Smith

250 Years Later, The Wealth of Nations Still Has Lessons To Offer the Political Class

Governments have yet to accept that free societies are also prosperous societies.

J.D. Tuccille | 3.9.2026 7:00 AM

A statue of Adam Smith | Stefan Schäfer/ Lich/Wikimedia

Adam Smith

Tracking a Unicorn in Adam Smith's Edinburgh

Edinburgh was the Scottish economist's home and a place for anyone interested in a rich, varied, and liberal life.

Amanda France and Kent Lassman | 7.17.2025 6:00 AM

Joseph Sitglitz | Aristidis Vafeiadakis/ZUMAPRESS/Newscom

Book Reviews

Stiglitz's The Road to Freedom Under Scrutiny

Joseph Stiglitz thinks redistribution and regulation are the road to freedom—he’s wrong.

Ilia Murtazashvili | 6.9.2024 7:00 AM

The Great Antidote podcast logo | The Great Antidote

Economics

Review: This Young Podcaster Is Channeling Adam Smith

A locked-down high schooler started asking libertarian thinkers what people in her generation should know.

Katherine Mangu-Ward | 4.5.2024 6:30 AM

book1 | Illustration: Louis XIV and Minister Jean-Baptiste Colbert at the Royal Academy of Sciences; Pictorial Press Ltd./Alamy

Economics

Free Market Book Misstates the History of Free Market Thought

Author Jacob Soll's commitment to an untenable historical thesis distorts the facts.

Matt Zwolinski | 9.16.2023 6:00 AM

Adam-Smith-Sly-American-Proposal | Illustration: A print shows representations of Great Britain and the United States shaking hands; Library of Congress

Economics

Adam Smith Said Colonists Should Join the British Union. Was He Serious?

Reading between the lines of The Wealth of Nations

Daniel Klein | 6.30.2023 6:30 AM

culture | Illustration: Etui; ipamia/Fiverr

Economics

Gadgets and Gizmos That Inspired Adam Smith

Smith appreciated the beauty and allure of intricate systems.

Virginia Postrel | 6.25.2023 7:00 AM

interview | Photo by Chris Edwards

Economics

An Interview With Adam Smith (No, Not That One)

The so-called father of capitalism was not available for comment, so we talked to another economist, Adam C. Smith.

Katherine Mangu-Ward | 6.25.2023 6:00 AM

Edwin Cannan and Adam Smith | Illustration: Lex Villena; Scottish National Gallery, Professor Edwin Cannan

Adam Smith

Adam Smith at 300: The Gospel of Mutual Service

A 1926 lecture captures timeless truths about the Scottish thinker.

Edwin Cannan and Daniel Klein | 6.20.2023 7:00 AM

A drawing from an 1899 patent on making wire paper clips | Illustration: 1899 patent for a paper clip machine; May 2017 issue of Reason

Politics

Archives: July 2023

Excerpts from Reason's vaults regarding Adam Smith

Reason Staff | 6.19.2023 6:00 AM

MarketplacesFindaWay1 | Photo: Mulberry Street, circa 1900; Library of Congress

Economics

Butchers, Brewers, and Bakers Still Thrive in Urban Marketplaces

Adam Smith recognized that man has a natural "propensity to truck, barter, and exchange."

M. Nolan Gray | 6.18.2023 6:00 AM

Adam--Smith-Understood--That-We--Need-Each-Other | Illustration: saratm/Fiverr; Photo: Vernon Smith; Isaac Reese

Economics

Adam Smith Understood That We Need Each Other

The thinker's views of human sympathy, beneficence, justice, and the division of labor still resonate.

Vernon L. Smith | 6.16.2023 6:30 AM

Peter Bagge on a yellow and red comic background | Lex Villena, Reason

Culture

Peter Bagge: From Adam Smith to Punk to Grunge

The libertarian creator of alternative comix Hate and Neat Stuff explains why he's fond of the invisible hand and individualism.

Nick Gillespie | 6.14.2023 2:13 PM

AdamSmithQuiet--Christianity | Illustration: saratm/Fiverr; Illustration: a_louro/Fiverr

Christianity

Adam Smith's Quiet Christianity

The Scottish thinker's famous friendship with David Hume demonstrates his liberalism, not his atheism.

Deirdre Nansen McCloskey | 6.11.2023 6:00 AM

Header-Adam-Smith-Revised | Illustrations: Peter Bagge

Economics

Comic: The Revised Adam Smith

The ghost of the so-called father of economics chastises those who would use his words for their own misbegotten ends.

Peter Bagge | 6.5.2023 6:00 AM

Adam-Smith-Wasnt-aProgressive | Illustration: saratm/Fiverr, lemono/iStock

Economics

Adam Smith Wasn't a Progressive

Stop quoting him out of context on taxation, education, and monopoly.

David Friedman | 6.4.2023 6:00 AM

forum | Illustrations: a_louro/Fiverr

Economics

What's Your Favorite Adam Smith Quote?

Reason contributors pay homage to a great thinker.

Reason Staff | 6.3.2023 7:00 AM

topicsfuture | Illustration: saratm/Fiverr

Politics

Adam Smith Has Something for Everyone

From the American Founders to communist meme creators, people have long claimed Smith's endorsement for their ideas.

Katherine Mangu-Ward | 6.1.2023 6:00 AM

Vernon Smith | Isaac Reese, Reason

Economics

Vernon Smith: Adam Smith's Relevance, Jimmy Carter's Deregulation, and the Fed's Biggest Mistake

"The greatest thing that ever happened to me was to be born in a free country of modest means and to have opportunities," says the Nobel Prize–winning economist.

Nick Gillespie | 5.10.2023 11:00 AM

Kevin McCarthy | Rod Lamkey - CNP / MEGA / Newscom/RSSIL/Newscom

Congress

A Surly Showdown for Speaker

Plus: Would Adam Smith be a libertarian if he were alive today?

Matt Welch, Katherine Mangu-Ward, Nick Gillespie, and Peter Suderman | 1.3.2023 5:19 PM

sipaphotoseleven371416 | Sipa USA/Newscom

Reason Roundup

More Mask Mandates Could Be Coming Even Though Vaccination Is Key to Curbing COVID-19

Plus: Adam Smith invented the social software for modern liberalism, the U.K. invites more skilled immigrants, and more...

Eric Boehm | 7.26.2021 9:32 AM

bagge | Peter Bagge

Comics

The Education of Adam Smith

Peter Bagge | 8.9.2020 6:00 AM

Large image on homepages

State Fiscal Crisis

Finding a Cure for Our Fiscal Insanity: Podcast

Peter Suderman, Len Gilroy, and C. Boyden Gray diagnose the country's many fiscal woes, and offer some solutions, at Reason's 50th anniversary celebration.

Matt Welch | 12.19.2018 10:15 AM

Large image on homepages | Davie County Public Library

Ideas

The Applied Theory of Bossing People Around

Richard Thaler's prize isn't noble.

Deirdre Nansen McCloskey | 2.11.2018 6:00 AM

Large image on homepages

Pope Francis

Lighten Up, Francis

The Pontiff ought to stick to flock-tending and lay off capitalism.

Andrew Heaton | 5.5.2017 4:00 PM

Large image on homepages | ©Mquirk/Dreamstime.com

History

Adam Smith Needs a Paper Clip

The pin factory, re-examined

Virginia Postrel | 4.13.2017 6:00 AM

Large image on homepages

Ideas

Nationalism and Socialism Are Very Bad Ideas

But liberalism is a good one.

Deirdre Nansen McCloskey | 1.26.2017 7:00 AM

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