Adam Smith https://commercialsociety.net/taxonomy/term/61/all en The Wealth of Nations | Adam Smith Institute https://commercialsociety.net/node/443 <h2>The Wealth of Nations | Adam Smith Institute </h2> This website provides some broad overview of the themes and ideas of Adam Smith&#039;s most famous work. Read more Fri, 22 Nov 2019 22:10:32 +0000 tlwagner 443 at https://commercialsociety.net Supreme Court Ruling Puts State Regulatory Boards in Crosshairs https://commercialsociety.net/node/361 <h2>Supreme Court Ruling Puts State Regulatory Boards in Crosshairs</h2> This article, from the Los Angeles Times, discusses recent events in the area of state regulatory laws. Read more Wed, 04 Sep 2019 19:50:19 +0000 tlwagner 361 at https://commercialsociety.net Adam Smith Book 1, Ch. 2, Origin and Use of Money https://commercialsociety.net/node/173 <h2>Adam Smith Book 1, Ch. 2, Origin and Use of Money</h2> Have you ever wondered why gold and silver were used as money? Why those specific metals over other commodities? This video answers these questions and outlines some of the basics of monetary economics. Read more Thu, 16 May 2019 19:04:11 +0000 tlwagner 173 at https://commercialsociety.net Division of Labor: Burgers and Ships https://commercialsociety.net/node/116 <h2>Division of Labor: Burgers and Ships</h2> A simple example of hamburgers being made at home versus at a restaurant can help illuminate the explosion of prosperity since the Industrial Revolution. Read more Wed, 15 May 2019 02:38:48 +0000 tlwagner 116 at https://commercialsociety.net I'll Stick With These: Some Sharp Observations on the Division of Labor https://commercialsociety.net/node/115 <h2>I&#039;ll Stick With These: Some Sharp Observations on the Division of Labor</h2> A blog post on the division of labor, by Mike Munger. Read more Wed, 15 May 2019 02:35:18 +0000 tlwagner 115 at https://commercialsociety.net World Population in Extreme Poverty https://commercialsociety.net/node/105 <h2>World Population in Extreme Poverty</h2> Extreme poverty is defined as living at a consumption (or income) level below 1.90 &quot;international $&quot; per day. International $ are adjusted for price differences between countries and for price changes over time (inflation). Read more Wed, 15 May 2019 02:01:35 +0000 tlwagner 105 at https://commercialsociety.net The Hockey Stick of Human Prosperity https://commercialsociety.net/node/104 <h2>The Hockey Stick of Human Prosperity</h2> On a timeline of human history, the recent rise in standards of living resembles a hockey stick -- flatlining for all of human history and then skyrocketing in just the last few centuries. Read more Wed, 15 May 2019 01:57:44 +0000 tlwagner 104 at https://commercialsociety.net