A closeup portrait of Adam Smith, author of The Wealth of Nations. Contributor The man largely credited with inventing marketplace capitalism, Adam Smith, lived at home with his mother. While he wrote ...

One day last spring, I came back to my office from a lunch meeting and found a high-school student camping outside. He was a prospective University of Chicago undergrad, and he said he was passionate ...

Adam Smith has become the symbol of American capitalism, a champion of free trade and a free market. But it wasn’t always that way. In fact, it sometimes seems as if capitalism and America share the ...