Adam Smith: Rule of Law as the Backbone for Markets

Conversable Economist · 4 days ago · discuss

Adam Smith’s 1776 book, An Inquiry into the Nature and Causes of the Wealth of Nations, is often described in casual conversation (at least by noneconomists) as a manifesto for the benefits and power of free markets. That’s a part of it, to be sure. But Smith was a profound thinker, not a pamphleteer, and … Continue reading Adam Smith: Rule of Law as the Backbone for Markets The post Adam Smith: Rule of Law as the Backbone for Markets first appeared on Conversable Economist.