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Money and Finance
Yaroslav Kuzminov

Yaroslav Kuzminov

Academic Supervisor, HSE University

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Labour, Land and Capital in the Digital Age: Adam Smith’s Ideas – 250 Years On
Opinions
Economics

Labour, Land and Capital in the Digital Age: Adam Smith’s Ideas – 250 Years On

August 7, 2026 | Yaroslav Kuzminov, Ekaterina Kruchinskaya

The digital economy is transforming the classic factors of production Adam Smith described in The Wealth of Nations – the treatise that laid the foundation of economics. Two and a half centuries later, Smith’s ideas remain relevant, but new realities demand that we rethink them.

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