The writing of the father of modern economics is, 250 years later, still very much worth reading - especially beyond the snappy, but sometimes selective, quotes
A well written and excellent review of what Smith actually wrote, instead of the usual free markets are all nonsense. Other brilliant economists have also been popularized and simplified into slogans. Keynes warnings against the need to reduce public spending in upswings is an example. As this article points out, though they quote the beauty of market mechanisms, oligarchs and governments do so to disguise reality.
A well written and excellent review of what Smith actually wrote, instead of the usual free markets are all nonsense. Other brilliant economists have also been popularized and simplified into slogans. Keynes warnings against the need to reduce public spending in upswings is an example. As this article points out, though they quote the beauty of market mechanisms, oligarchs and governments do so to disguise reality.
Very nice article; Smith often does not get the credit he deserves, he was such a brilliant philosopher and economist. Really appreciated this piece
Thank you - glad you liked it (and I could not agree more with your evaluation of Smith :-))!