Tuesday, 6 September 2011

Adam Smith And Bail Out-Fatigue

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Adam Smith

The present dispute on Adam Smith's legacy is picking up steam while pitching against each other Labor, Liberal and Conservative luminaries on both sides of the pond. And the recent riots in the UK have lent it further virulence. Over the last years the controversy has spread worldwide between intellectuals such as former British Prime Minister Gordon Brown and numerous free market champions, most of them followers of the late Milton Friedman.