Economic Ideas: Adam Smith on Free Trade, Crony Capitalism, and the Benefits from Commercial Society
Reading Links

Adam Smith on Free Trade, Crony Capitalism, and the Benefits from Commercial Society

Economic Ideas: Adam Smith on Free Trade, Crony Capitalism, and the Benefits from Commercial Society

Adam Smith’s central contribution to economic understanding was surely his demonstration that under an institutional arrangement of individual liberty, property rights, and voluntary exchange the self-interested conduct of market participants could be shown to be consistent with a general betterment of the human condition.

Please follow and like us:
0

Leave a Reply

Your email address will not be published. Required fields are marked *