James Stacey Taylor for AdamSmithWorksMarch 3, 2020

This lesson allows students to experience the benefits of trade that Adam Smith wrote about in An Inquiry into the Nature and Causes of the Wealth of Nations.  Students participate in a trade simulation that measures the variation in benefits received (utility) in a variety of rounds from no trade to free trade.  

M.C. Caskey distills the key ideas of the 'father of Economics', Adam Smith, in "HipHoponomics Vol. 2: The Man, The Myth, Adam Smith".

A book and video series available at no cost from the Fraser Institute.

A video and lesson plan from Izzit.org

Of Wages and Profit in the Different Employments of Labour and Stock

Of the Profits of Stock

Of the Wages of Labour

Of the Natural and Market Price of Commodities

Of the Component Parts of the Price of Commodities