Quote of the Day | 0112
The picture of the real Adam Smith this reveals is of a true ‘friend of commerce’, supporting the project because of its achievements and its even greater potential, but constructively critical about both the shortcomings of the mercantilist society he lived in and commerce in general. He justified commercial society for its tremendous contribution to the prosperity, justice, and freedom of its members, and most particularly for the poor and powerless in society. But he was no naive ideologue for free markets and profits.
The Philosopher’s Beard, ‘Recovering Adam Smith’s ethical economics’
[x]#9697 fan donderdag 12 januari 2012 @ 10:42:27
