How Adam Smith became a (surprising) hero to conservative economists

Created
Mon, 31/03/2025 - 05:24
Updated
Mon, 31/03/2025 - 05:24
by Glory M. Liu* People like to fight over Adam Smith. To some, the Scottish philosopher is the patron saint of capitalism who wrote that great bible of economics, The Wealth of Nations (1776). Its doctrine, his followers claim, is that unfettered markets lead to economic growth, making everyone better off. In Smith’s now-iconic phrase, […]