February 15, 2012
Was Adam Smith, the founder of modern economics, a libertarian, conservative, or radical democrat? Traditionally, free-market economists such as Milton Friedman, Ludwig von Mises, and Friedrich Hayek, have defended Smith as a great free-market economist, while Emma Rothschild, Gordon Brown, and yes, even Murray Rothbard, have demurred, suggesting that Smith was an interventionist who should [...]
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January 31, 2012
THE CENTRALITY OF THE INVISIBLE HAND By Mark Skousen Lecture, Center for Constructive Alternatives Hillsdale College, January 31, 2012 “Adam Smith had one overwhelmingly important triumph: he put into the center of economics the systematic analysis of the behavior of individuals pursuing their self-interest under conditions of competition.”– George Stigler[1] A major debate has flared [...]
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