The Invisible Hand of Peace shows that the domestic institutions associated with capitalism, namely private property and competitive market structures, have pro

This book shows that the domestic institutions associated with capitalism have promoted peace between states over the past two centuries.

Available Open Access under CC-BY-NC-ND Made famous by the Enlightenment thinker Adam Smith, the concept of an ‘invisible hand’ might be taken to imply that

Popular culture often champions freedom as the fundamentally American way of life and celebrates the virtues of independence and self-reliance. But film and tel

Why economics needs to focus on fairness and not just efficiency One of the central tenets of mainstream economics is Adam Smith's proposition that, given certa