BrainPOP

Adam Smith

Curious to meet the father of modern economics? In this BrainPOP movie, Tim and Moby explore the life and work of Scottish philosopher Adam Smith! You’ll find out about his most famous works, including The Wealth of Nations, in which Smith contradicts the mercantilist economic philosophy that was dominant in Europe at the time. You’ll also explore Smith’s “invisible hand” theory, which states that when individuals are allowed to pursue their own self-interest, society as a whole benefits. And you’ll learn about Smith’s views on division of labor, international trade, and laissez-faire, or free-market economics. Finally, discover how Adam Smith and America’s Founding Fathers were linked by the year 1776, as well as their views on personal liberty. So click the link--you’ll surely profit from it!

Learn More:

Who was Adam Smith?

What was mercantilism?

What’s an economy?