2min chapter

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527. Can Adam Smith Fix Our Economy?

Freakonomics Radio

CHAPTER

Adam Smith and the Wealth of Nations

Adam Smith's frequent use of the phrase self-interest is a point of contention. He knew that in certain circumstances, human beings pursued their own interest. Other times, they behaved benevolently, and that could be studied as a social scientist. The Association of Smith with economics has privileged that particular element in his analysis.

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