Adam Smith, the father of free market economics, wrote about the origins of morality, national wealth, and happiness.
It is easy to quote from The Wealth of Nations without context and to have them support their views.
How did an affable 18th-century “moral philosopher” become the patron saint of cutthroat capitalism? Does “the invisible hand” mean what everyone thinks it does? We travel to Smith’s hometown in Scotland to uncover the man behind the myth. (Part 1 of a series.)
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