More to Adam Smith and The Wealth of Nations than meets the neoliberal eye

By Bill Longstaff April 3, 2014 #bankers, #capitalism, #Co-operation, #collectives, #competition, #division of labour, #financial industry, #free markets, #laissez-faire, #self-interest, #Smith (Adam), #Society, #Thatcher (Margaret), #The Wealth of Nations

When we think of Adam Smith, the great Scottish philosopher and economist, and his seminal book The Wealth of Nations, we are inclined to think of free markets, individual self-interest, and the invisible hand. However, reading another good book recently, How Markets Fail by John Cassidy, I was reminded there was a lot more to Smith and The Wealth of Nations than the elements of laissez faire