‘I was once asked on an exam in high school ‘Who invented capitalism in 1776?’’ Philosopher Dennis Rasmussen on the importance of Adam Smith’s The Wealth of Nations.
“If you read it closely it’s not a naive apology for unregulated markets, but he’s quite keenly aware of the problems of financial regulation.”
Niall Ferguson, Historian
“What is amazing about Smith is that he tried to relate economics to morals and ethics, in the sense that economics is only a small part of what society should be thinking about.”
Stephen D King, Economist
“At the time Adam Smith was writing Britain was a developing economy.”
Pranab Bardhan, Economist
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