Adam Smith, Critic of Capitalism

By |2021-06-15T16:33:39-05:00July 17th, 2015|Categories: Adam Smith, Capitalism, Economic History, Economics, Featured|Tags: |

Everyone knows what Adam Smith stood for: free trade, the division of labor, the minimal state, the invisible hand, the illimitable growth of wants and needs. But few people are aware of his criticisms of what came to be called “capitalism.” In the “Overture” to his grandly symphonic The Enlightenment: An Interpretation, Peter Gay describes [...]