Adam Smith’s world was foaming with opportunities brought about the second stage of capitalism. His vision of “poverty balancing” was so perfect that when he said society was bound to achieve balance, the society of that day believed him. The capitalist would accumulate their profits and so they did. Producers…

I never understood why they even bother to define economics. Everybody knows what it`s about. At least the students of economics do. It is the study of how Adam Smith got his dinner. I`ll prove it. In 1776, the father of economics, Adam Smith, wrote something that shaped the course…

I am a 23-year-old undergraduate student with a relatively small amount of cash in my wallet and an incredibly high dislike for calculating my daily expense. I also have a huge amount of debt on me and I live in a third world country. Which also has a huge debt…