There are many goals an instructor may wish to accomplish in a course on economic principles. For us the definitive goal is the generation of sensible and active members of a civil society. This is an ambitious goal: it requires that students internalize the economic way of thinking and learn to...

Purpose – The paper aims to apply the ideas found in the paper of Adam Smith, the pre‐eminent eighteenth century economist, to the field of management. Design/methodology/approach – The paper provides a brief biography of Smith, summarizes his main contributions, and then applies them to...