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The Wealth of Nations

In Our Time

00:00

Economic Policy

Helen, can you give us some idea of the suggestions Smith makes about economic policy? Yes, he certainly doesn't like all the blocks on say the movement of corn through the domestic economy. He gets very upset about the idea that people have various rules to include or export bounties on the corn trade. I think that he is warning constantly about the spirit of corporation and never meet together without their engagement in some conspiracy to defraud the public. You simply buy a rate by curtailing competition, raising prices and I mean he has a very low view of corporate conspiracy.

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