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Home » Lecture: The Father of Modern Economics
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Lecture: The Father of Modern Economics

Staff ReportBy Staff ReportNovember 3, 2025Updated:November 3, 2025No Comments2 Mins Read
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Photo of Wall Street Stock Brokers, 1963 / Library of Congress
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Angelo State University will host Dr. Bradley Hobbs, clinical professor of economics at Clemson University, for a public presentation on Adam Smith, considered the founder of modern economics, on Thursday, Nov. 6, at 5:30 p.m. in the ASU Mathematics-Computer Science (MCS) Building at 2200 Dena Drive.

Sponsored by the Texas Tech University Free Market Institute at Angelo State University, Hobbs’ presentation will take place in Room 100 of the MCS Building and is free and open to the public.

In his presentation titled “What Did Adam Smith Know?,” Hobbs will cover Smith’s foundational contributions to the modern world through major themes from Smith’s books, “The Theory of Moral Sentiments” (1759) and “An Inquiry Into the Natures and Causes of the Wealth of Nations” (1776). Hobbs will also discuss how Smith’s influence is embedded in many areas of modern economics inquiry over the past 250 years, including economic development, the economic framework of scarcity and efficiency, international relations, and free and open trade. His ideas remain as pertinent and important to the world today as when they were introduced in the 1700s.

In addition to his faculty position in the Department of Economics, Hobbs is a senior fellow at Clemson University’s Snow Institute for the Study of Capitalism. He is also a research fellow at the James Madison Institute, sits on the Academic Advisory Board for the Bastiat Society, and is a member of the American Institute for Economic Research and the Mont Pelerin Society.

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Hobbs’ research interests include property rights, economic freedom, economic growth, financial markets and the philosophic foundations of markets – and his articles and reviews have appeared in a wide variety of journals, including Entrepreneurship Theory and Practice, Journal of Accounting and Finance Research, Laissez-Faire, Journal of Economics and Finance Education, Journal of Private Enterprise, Journal of Entrepreneurship and Public Policy, and Research in Finance. He earned his Ph.D. in economics from Florida State University.

— From Tom Nurre Jr., ASU Office of Marketing and Communications

“No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.”

The Wealth Of Nations, Book I Chapter VIII, p.96, para. 36.

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