Glory Lou: Adam Smith's reputation today runs conservative or at least libertarian. She says it mostly came from the University of Chicago economics department. Glory Lou: teaching Smith as an early theorist of price is really important for building intellectual credibility.
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.”)
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