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Adam Smith’s Rubbish Bin (TM)

Adam Smith’s Rubbish Bin (TM)

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Professors Bill Keep and Nancy Lasher defend the benefits of competitive markets while exposing business behaviors that just might make Adam Smith turnover in his grave. As a reminder, Smith was the 18th century philosopher whose theory of supply and demand gave us the market economy

© 2026 Adam Smith’s Rubbish Bin (TM) Economie Politique et gouvernement Sciences politiques Sciences sociales
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    Épisodes
    • Corruption Everywhere: Can We Trust Again?

      Corruption Everywhere: Can We Trust Again?
      Jan 22 2026

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      In this episode Nancy and Bill explore the loss of trust across a number of industries and the integrity of the political process, often facilitated by changing business practices. Trust matters and has economic value. What will it take to get trust back?
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      26 min
    • History shows…don’t fall for the “business opportunity” called multi-level marketing (aka direct selling)!

      History shows…don’t fall for the “business opportunity” called multi-level marketing (aka direct selling)!
      Jan 15 2026

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      Multi-level marketing (MLM), sometimes called direct selling, has proved a money losing proposition for more than sixty years. From lingerie to household items to nutritional supplements to “education” programs, MLMs have screwed consumers hoping to make a little money. History shows that 95% or more of those who join an MLM in hopes of making money end up with a financial loss. In this episode we explore why and warn people, especially young people, against pursuing this type of “business opportunity.”

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      33 min
    • Gen Z—Bright, Ambitious, and Concerned

      Gen Z—Bright, Ambitious, and Concerned
      Dec 29 2025

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      In this episode Nancy and I continue to talk with members of the GenZ generation. Nina and Aniket are both working as they prepare for graduate school. While optimistic about their chosen careers, they have concerns over the cost of education and an affordable lifestyle after they graduate.
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      28 min
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