Adam Smith

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  • Economists: A Profession At Sea

    time.com 3 weeks, 6 days ago

    After the financial crisis of 2008, the Queen of England asked economists, “Why did no one see the credit crunch coming?” Three years later, a group of Harvard under­graduate students walked out of introductory economics and wrote, “Today, we are walking out of your class, ­Economics 101, in order to express our discontent with the bias [...]

  • Fixing Capitalism Means Taking Power Back From Business

    time.com 3 weeks, 6 days ago

    Protecting,or, more particularly, fixing,­capitalism will be a big topic at the World Economic Forum in Davos this month. With the global economy still sputtering and governments unable to successfully address big issues like income inequality, unemployment and growing debt, it’s a subject that’s front and center not only in the U.S. but also throughout Europe, Asia and the rest of the world.

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