Adam Smith—The Father of Economics

Before the American Revolution, Great Britain powered a global empire through mercantilism—an economic system that enriched the crown at the expense of overseas colonies. But one Scottish thinker had a better idea: capitalism. In this episode of Economic Game Changers, teens meet Adam Smith, the “father of economics.” From trade to limited government, they’ll learn how Smith’s thinking struck a blow to the old system and laid the foundation for free markets.