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The election of Ehud Barak brought with it a renewed hope for a permanent peace between Israel and the Palestinians, but
Adam Smith
An 18th-century Scottish economist and philosopher known as the father of modern economics, famous for his work "The Wealth of Nations."
Modern Economics
A branch of social science that studies how individuals, businesses, and governments make choices on allocating resources to satisfy their needs and wants.
The Wealth of Nations
A seminal book by Adam Smith, which discusses economics, the importance of free markets, division of labor, and productivity.
Labor
The physical and mental effort used in the production of goods and services.
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