Matsakado thinks that certain champions of laissez-faire policies have misinterpreted and exploited Adam Smith. privatization in the UK being a prime example, she says. Matsakado: "We could today have a low cost accessible modern green sustainable transport system"
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.”)