Adam Smith’s Moral Authority of 1776

Adam Smith’s Wealth of Nations was published 250 years ago and illustrated how prosperity is created by an invisible hand (specialization, competition, and a well-governed society). Was it a coincidence that sustained economic progress began shortly thereafter? Smith’s framework and his spirit remain a wise guide to modern betterment and a powerful antidote against today’s reflex for control, protectionism, and political allocation. Daniel Klein of George Mason University will lead a discussion of Adam Smith’s Wealth of Nations and its continued relevance.