Smith Hall · 6-week course
How Nations Grow Rich
Adam Smith: “Here is our map for the term. We follow a pin from the workshop to the market, and ask what makes a nation rich. Every idea you learn fills in a concept below.”
Lesson plan
Week 1 · Making and trading· Up next
The Invisible Hand
Adam Smith · Lab: Run the Pin Factory
Sympathy and fairnessDivision of labourTrade and exchangePrices and markets…Week 2 · Markets
The Price of Things
Adam Smith · Lab: Set the market price
Prices and marketsCompetition and monopoly…Week 3 · Making and trading
Wages and Work
Adam Smith · Lab: Pick a trade
Division of labourWages and work…Week 4 · Wealth
Gold Is Not Wealth
Adam Smith · Lab: Trade between nations
What wealth isTrade and exchange…Week 5 · Rules
What Government Is For
Adam Smith · Lab: Build the bridge
What government doesCompetition and monopoly…Week 6 · Rules
The Impartial Spectator
Adam Smith · Lab: Capstone
What wealth isSympathy and fairness…
What you'll learn
People make things, trade them, and prices tie it all together. Tap a concept to see what you'll be able to do.
Wealth and peoplewhat wealth is, and the rules we need
1. Makehow work gets done
2. Tradewhy people exchange
3. Marketshow prices steer it all
Taking your seat…