America at 250: Capitalism and the American Revolution

The year 2026 marks the 250th anniversary of American independence, yet the nation’s founding is controversial now in ways it has not been in decades. In the second symposium of AEI’s “We Hold These Truths: America at 250” project, historians, political scientists, and economists analyze the role that the market economy played in the creation of the United States.

The year 1776 marked the publication of Adam Smith’s The Wealth of Nations, which influenced the economic thought of many Revolutionary leaders. At the same time, the founders evinced concerns over what economic inequality might mean for political freedom in the fledgling republic. Understanding how the founding generation viewed the promises and perils of capitalism can shed light on modern debates over capitalism’s role in American society.

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