Adam Smith

Curious to meet the father of modern economics? In this BrainPOP UK movie, Tim and Moby explore the life and work of Scottish philosopher Adam Smith! In this educational, animated move 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 labour, international trade, and laissez-faire, or free-market economics. So click the link—you’ll surely profit from it!

Related movies: Supply and Demand, Interest, Communism, Assembly Line

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Adam Smith