Purpose – The paper aims to apply the ideas found in the paper of Adam Smith, the pre‐eminent eighteenth century economist, to the field of management. Design/methodology/approach – The paper provides a brief biography of Smith, summarizes his main contributions, and then applies them to...

Purpose – Previous literature has clearly demonstrated the need for sound government policies or “institutions” to promote and support entrepreneurship in a country. The purpose of this paper is to explore the role of one such institution – political stability – in boosting...