Who Was Adam Smith? Adam Smith was an economist who lived in the 1700s in Scotland had a great influence on economics through the writing of his book The Wealth of Nations. This book is quoted frequently by business majors and by conservatives as an explanation for how to setup an economic system. His most [...]
Posts Tagged ‘Adam Smith’
Nobody Actually Reads Adam Smith and A Wealth of Nations
Posted in Deliberately False Financial Information, Economic History, Economic Regulation, Economics, tagged Adam Smith, SEC, Conservative Values on March 27, 2009 | 9 Comments »
Finance Industry as Welfare Queens
Posted in Alternate Economic Philosophies, Bailout, Inequality, Mortgages, tagged Adam Smith, LTCM, Michael Hudson on March 16, 2009 | Leave a Comment »
As Noam Chomsky once said. “Adam Smith’s A Wealth of Nations is one of those books you are supposed to worship, but not read.” I don’t understand. Ever since I was small I was told that Adam Smith’s idea of everyone looking out for their best interests lead to the best long term good. Man [...]
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