Freakonomics Radio cover image

526. Was Adam Smith Really a Right-Winger?

Freakonomics Radio

00:00

The Market's Role in Modern Capitalism's Failures

This chapter critiques the Chicago School's interpretation of Adam Smith, arguing it misplaces blame for capitalism's issues onto government actions instead of market failures. Using the opioid epidemic as a case study, it examines the dark consequences of prioritizing market efficiency over human welfare and discusses the political ramifications of this perspective.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app