BlackEconomics.org® An especially important European philosopher-economist (the so-called “Father of Economics”), Adam Smith (1723 – 1790), is introduced to economics students early in their study. No doubt, his contributions to knowledge about economics are foundational, extraordinary, and indelible. His theoretical elaborations of the “market,” the “invisible hand” concept, “value,” “price,” “saving and investment,” and “growth” […]

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