The Invisible Hand

“No society can surely be flourishing and happy of which by far the greater part of the numbers are poor and miserable.”  Adam Smith Adam Smith, born 1723 in Kirkcaldy, Scotland, was destined to write the book that would be considered the first fundamental work of classical economics and one of the most influential booksContinue reading “The Invisible Hand”

Frugality & Industry

“Labour was the first price, the original purchase – money that was paid for all things.  It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.”  Adam Smith Adam Smith (1723-1790), a Scottish moral philosopher best known for his work entitled, “The Wealth of Nations,”Continue reading “Frugality & Industry”