butchersapron
Bring back hanging
Smith believed very strongly in "The Market as an instrument of government", that the market could not be left to its own workings and required strong government intevention on an ongoing basis not only to keep it functioning, but also to achieve politically chosen social functions - i.e he didn't believe that market values were all that mattered, that economic rationality or the individual was or should be master.
The idea of Smith as the outstanding champion of totally free and unregulated markets came to popular conciousness through the work of the Adam Smith Institute in the 70s and 80s who put forward ultra-free matket proposals directly contradicted his own theories, but with the stamp of his name on them.
The idea of Smith as the outstanding champion of totally free and unregulated markets came to popular conciousness through the work of the Adam Smith Institute in the 70s and 80s who put forward ultra-free matket proposals directly contradicted his own theories, but with the stamp of his name on them.
