Tuesday, February 8, 2011

IMF Chief Twists Adam Smith's View of Inequality

"Modern liberals used reflexively to condemn Adam Smith as the 'father of capitalism' (although he had never heard the word). More recently, however, they have been trying to recruit him, switching their emphasis from misunderstanding what he wrote in The Wealth of Nations to misquoting what he said in The Theory of Moral Sentiments."

IMF chief twists Adam Smith's view of inequality

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