An Animal That Trades
A five-part short video series on the life and contemporary relevance of Adam Smith.
Part 1: The Invisible Hand
The invisible hand is one of Smith's most well-known turns of phrase, yet he uses it but once in each book. So what does it mean, and why does this concept remain important today?
Part 2: The Free Market
"Man is an animal that bargains," said Smith. Our commercial interactions help us further our individual interests and civilize us at the same time. How is the free market necessary for Smith's "system of natural liberty?"
Part 3: Division of Labor
Smith's discussions of the division of labor, while they might seem like common sense today, were radical in his time. Find out more, and consider its enduring relevance today.