Free Markets Open Minds
An expansive, chapter-based association of MBA students, professionals, and business leaders promoting on-campus debate and discussion about the moral, social, and economic benefits of capitalism.Learn More
Smith Soc Treks Exclusive Seminars
A series of destination-based, weekend-long retreats to connect selected members with thought leaders from business, academia, and policy. Applications are now open for our early 2018 Treks.Learn More
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History & Philosophy
Understanding both the ideas and the stories behind free markets.
From Adam Smith and Alexander Hamilton, to F.A. Hayek and Milton Friedman, to the leading scholars of today…Smith Soc members are focused on both classical and modern ideas about economics and liberty.
READ LIKE A BOSS Moral Lessons on Capitalism from Its Greatest Champions and Fiercest Opponents Edited by the Executive Director of the BB&T Center for the Study of Capitalism at Wake Forest, the official reader of the Adam Smith Society provides perspectives on free market thought through readings on the nature, purpose, and effects of capitalism. In addition to Adam Smith himself, the selections gathered here include essays and excerpts by thinkers ranging from Locke and Rousseau to Hayek and Cass Sunstein.
ARTICLE 2017 Milstein Fellowship Award-Winning Essay Gabriel Ng of NYU Stern won the 2017 Howard P. Milstein Fellowship for this essay examining whether the current frameworks and practices of corporate social responsibility are consistent with Milton Friedman's ideas. Ng wrote that, "Friedman’s view that the profit motive should drive the thinking of executives remains correct...Some CSR will succeed and some will fail in their business goals."
CATCH UP ON A CLASSIC 6th Edition Adam Smith's first major work focuses heavily on ethics, arguing that our morality is rooted deeply in our nature. The Theory of Moral Sentiments lays the groundwork for Adam Smith's later work including his most well-known, the Wealth of Nations. Attendees on the upcoming Smith Soc Trek will read excerpts from both of Smith's seminal works.
Exploring how governments, regulators, and businesses shape markets and industries.
Taxes, monetary policy, income inequality, fiscal policy, elections, healthcare, energy…Smith Soc taps into multiple networks to bring experts and thought leaders, executives and politicians, together with our members to enlighten and connect.
ARTICLE Bloomberg A key question is whether consumers and businesspeople will continue to shrug off some pretty scary geopolitical threats.
ARTICLE Economics21 A new National Bureau of Economic Research working paper finds that occupational licensing reduces interstate mobility, which in turn reduces labor market efficiency.
ARTICLE The Economist With NAFTA and Brexit in the news cycle, free trade has been the subject of much discussion by policymakers and scholars. In “Clashing over Commerce”, Douglas Irwin of Dartmouth College tells the history of American trade policy, showing that trade is neither dull nor deserving of the attacks on it.
Learning to lead organizations of all sectors and sizes while keeping the free market in the forefront.
In local, self-governing chapters as well as at our nationally-organized retreats, Smith Soc’s members learn leadership practices directly from proven, established figures in the business world as well as from each other.
BUSINESS LEADER Paul Martino brings Silicon Valley acumen back to Philly The story of how Paul Martino found success in Silicon Valley, but returned home to Philadelphia for family...and to help fund local start-ups via his firm, Bullpen Capital. Martino will join a Smith Soc panel on entrepreneurship and regulation in NYC on July 25th.
BUSINESS LEADER Stephen Trauber's Basketball Passion This WSJ story tells how successful energy banker Stephen Trauber gives back to the community by supporting programs and scholarships for young basketball players. Citi's Global Head of Energy Power Chemical, Trauber will be speaking at a Smith Soc reception in Houston on July 19th.
ARTICLE Business Leader Jeff Bussgang is an entrepreneur, VC investor and Harvard Business School Senior Lecturer. On his personal website and blog, he shares advices for young people looking to get involved in the start-up space, as well as shares interesting perspectives on business, markets and other topics.
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Learn more about the Adam Smith Society on your campus or in your city. Click below to visit our Campus Chapters and Professional Chapters.
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