Russ Roberts: Adam Smith's problem may be real, but it's not the same problem the German scholars were concerned with. He says most economists and politicians who look to the wealth of nations for guidance have simply never read the theory of moral sentiments. "I am president of Sholm College in Jerusalem, Israel," writes Econ Talk host David Frum.
Economists and politicians have turned him into a mascot for free-market ideology. Some on the left say the right has badly misread him. Prepare for a very Smithy tug of war. (Part 2 of “In Search of the Real Adam Smith.”)