Adam Smith (1723-1790) is the Scottish-born "father of economics."
Smith deals with the free market system and the resulting system of goods, services and prices. His magnum opus was The Wealth of Nations, wherein is found Smith's theory of the invisible hand that guides individuals working in their own interest to improve society as a whole, even though that is not their intention.
Related Fool Articles
Recent Mentions on Fool.com
- Insights for Investors From a Founding Father of Behavioral Finance
- A la Carte ESPN Would Make a Lot of Sense
- Why FedEx Isn't Scared of Uber
- 5 Things FedEx Management Wants You to Know
- Cord Cutting, Cord Shaving, and Cable Gaming: How Consumers Save Money on Their Cable Bills
- People Are Really Bad at Estimating Their TV Habits