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Remembering Adam Smith this July 4th (Part I)

Editor note: Adam Smith (1723–1790) is considered the father of modern libertarian thought, although economics and political economy have advanced significantly since the 18th century. Many of Smith’s...

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Remembering Adam Smith this July 4th (Part 2)

Part I yesterday explained Adam Smith’s notion that general human betterment was the unintended result of each individual following his own self-interest in the market arena of voluntary and...

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