Although Adam Smith is well-known for emphasizing division of labor, his analysis was woefully incomplete, as Dr. Mark Thornton points out.

In their letter “The Virtues of the ‘Knowledge Theory of Value’” (May 1), Gale Pooley and George Gilder emphasize the importance of knowledge in economic value. In doing so, however, they provide ...

Reprinted with the permission from Surgical Management Professionals, as published in the Spring 2012 Issue of the SMP Connection, www.smpsd.com.Many of you may know the name but not much more about ...

1776 was a watershed year, and not only because America’s Founding Fathers signed the Declaration of Independence in July, igniting a political revolution that sent democracy sweeping across the globe ...