Adam Smith versus business

posted by
March 11, 2012
Foundation for Economic Education
by Sheldon Richman  
Posted in Commentary

"I admit it: I like Adam Smith. His perceptiveness never fails to impress. True, he didn’t foresee the marginal revolution that Carl Menger would launch a century later (with, less significantly in my view, Jevons and Walras), but give the guy a break. The Wealth of Nations is a great piece of work." (03/09/12)  

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