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[Economic Theory] Adam Smith and problems with the new paternalism

The economist Carl Menger claimed in 1891 that “in every conflict of interest between the rich and poor, the strong and weak, Smith sides without exception with the latter.” Menger’s claim has been vindicated by recent research. Adam Smith’s advocacy of the interests of the poor is of a piece with his advocacy of what … Continue reading "Adam Smith and problems with the new paternalism"

The post Adam Smith and problems with the new paternalism appeared first on Institute of Economic Affairs.

Published:10/13/2021 1:23:21 PM
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