Messrs. Pooley and Gilder remind us that the book’s themes remain fresh.

Nordhaus offers a modern version of the labor theory of value, which in various versions dates at least to Adam Smith’s “The Wealth of Nations” (1776), often taken to be the beginning of ...

The lesson is that mineral wealth on its own is nothing without complementarities such as quality labour and institutions. So ...

Despite arguments from President Trump and his supporters, there is no such thing as an “optimal” tariff. If anything, ...

This is the argument Donald H Chew makes in The Making of Modern Corporate Finance, his ambitious attempt to update Adam Smith for the ... being that most of us value most.” ...

says Tim Worstall of the Adam Smith Institute, to argue about the equal value of work is “to commit a category error” akin to the one Marx made with his labour theory of value. In reality, ...

Instead, protectionists argued that tariffs would shelter American workers from the competition of cheap foreign labor by propping up domestic ... The sharpest attacks, however, were leveled against ...

Instead, protectionists argued that tariffs would shelter American workers from the competition of cheap foreign labor by propping ... were leveled against Adam Smith, the Scottish economist ...

James Doughney’s latest contribution to the discussion on Marx’s tendency of the rate of profit to fall avoids the key point: ...