Laissez Faire

A term coined by economist Adam Smith in his 1776 book "An Inquiry into the Nature and Causes of the Wealth of Nations". In his book he states: "Every individual necessarily labours to ...

An economic theory stating that active government intervention in the marketplace and monetary policy is the best method of ensuring economic growth and stability.

A description of capitalist society as being based on the close relationships between businessmen and the state. Instead of success being determined by a free market and the rule of law, ...

An approach to economics and social studies in which control of economic factors is shifted from the public sector to the private sector. Drawing upon principles of neoclassical ...

An economic school of thought that originated at the University of Chicago in the 1940s. The main tenets of the Chicago school are that free markets best allocate resources in an ...

A form of capitalism that is usually associated with the United Kingdom and the United States, but also characterizes the economies of such countries as Canada, Australia, New Zealand ...

A period of major industrialization that took place during the late 1700s and early 1800s. The Industrial Revolution, beginning in Great Britain, quickly spread throughout the world. ...

Find out how these five groundbreaking thinkers laid our financial foundations.

As proponent of free market capitalism, this economist changed the way the world's economies operate.

This tutorial teaches the basics of one of the most important economic topics. A must for all investors.