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  • Adam Smith

    "I, Pencil: The Movie"

    How does a pencil represent what Adam Smith called “the invisible hand” of the free market? A new film by the Competitive Enterprise Institute has adapted Leonard Read’s famous essay, “I, Pencil: My Family Tree As Told to Leonard E. Read,” to answer this very question. Originally published in 1958 … More

    WATCH LIVE: Rep. Mac Thornberry Speaks at The Bloggers Briefing

    An outdated U.S. law adopted in the aftermath of World War II prevents Americans from listening to broadcasts on Voice of America and other taxpayer-supported broadcasters. Yet when two lawmakers offered a bipartisan solution to reverse that prohibition, critics on the right and left complained that our own government would … More

    The Wrong Adam Smith

    If you are looking for a great example of a national leader who can’t get his priorities in order, look no further than Representative Adam Smith (D–WA). He recently made clear he has no interest in special legislation that would spare the Pentagon from cuts that even the White House … More

    Chart of the Week: How Countries Compare on Economic Freedom

    Heritage and the Wall Street Journal released the 2012 Index of Economic Freedom on Thursday, ranking 179 countries on 10 benchmarks that gauge their economic success. This year Heritage introduced a new interactive feature that gives you the opportunity to create a comparative graph. This week’s chart shows how the … More

    Can Christians be Capitalists?

    Last week the American Enterprise Institute hosted Jay W. Richards, visiting Fellow at the Heritage Foundation and author of the new book Money, Greed, and God: Why Capitalism is the Solution and Not the Problem. The conversation focused on why capitalism and Christianity are compatible. Highlighting three of the eight … More

    Would Adam Smith Support Government-Run Healthcare?

    So claimed Senator Jay Rockefeller (D-WV) in the Senate Finance Committee debate on Tuesday morning. The “public option” would create the “choice” of a new government-run health insurance plan to “compete” with private insurance in the free market. If Adam Smith means choice, competition and free markets then he would … More