The Adam Smith Society is a chapter-based association of business school students and professionals named after the 18th-century economist, Adam Smith, and established by the Manhattan Institute for Policy Research in 2011, to promote discussion about the moral, social, and economic benefits of capitalism. The Adam Smith Society has been described as having been formed "to achieve in business schools what the Federalist Society achieved in law schools, exposing students to the philosophical and moral underpinnings of capitalism", and has been compared with the Benjamin Rush Society in medical schools and the Alexander Hamilton Society in foreign policy education, based on the fact that "all three groups subscribe to principles of individual liberty, limited government, and free markets".