We meet in the midst of a nation brought to the verge of moral, political, and material ruin… our homes are covered with mortgages, labor impoverished; and the land concentrating in the hands of the capitalists… The fruits of toil of millions are boldly stolen to build up colossal fortunes
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More to Adam Smith and The Wealth of Nations than meets the neoliberal eye
When we think of Adam Smith, the great Scottish philosopher and economist, and his seminal book The Wealth of Nations, we are inclined to think of free markets, individual self-interest, and the invisible hand. However, reading another good book recently, How Markets Fail by John Cassidy, I was reminded there
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