Adam Smith’s America: How a Scottish Philosopher Became an Icon of American Capitalism
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Adam Smith’s America: How a Scottish Philosopher Became an Icon of American Capitalism
The whole of the advantages and disadvantages of the different employments of labour and stock, must, in the same neighbourhood, be either perfectly equal, or continually tending to equality. If, in the same neighbourhood, there was any employment evidently either more or less advantageous than the rest, so many people would crowd into it in the on
... See moreAdam Smith • An Inquiry into the Nature and Causes of the Wealth of Nations
In the early 1970s those seeking individual freedoms and social justice could make common cause in the face of what many saw as a common enemy. Powerful corporations in alliance with an interventionist state were seen to be running the world in individually oppressive and socially unjust ways. The Vietnam War was the most obvious catalyst for disco
... See moreDavid Harvey • A Brief History of Neoliberalism
IN OUR SOCIETY, the increased production of goods—privately produced goods—is, as we have seen, a basic measure of social achievement. This is partly the result of the great continuity of ideas which links the present with a world in which production indeed meant life. Partly, it is a matter of vested interest. Partly, it is a product of the elabor
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