Economic sentiments: Adam Smith, condorcet, and the enlightenment

From: Ideas on Liberty | Date: February 1, 2003| Author: | Copyright information

by Emma Rothschild

There is a burgeoning movement afoot to redefine Adam Smith as a "liberal" of the contemporary, progressive sort, rather than as the icon of classical liberalism he is standardly taken to be. It has never been a secret that Smith was no anarchist, nor even, probably, a "minarchist." He argued that the government should undertake principally three tasks: defense against foreign invaders (an army); defense against domestic invaders (police and a court system); and public works (those things from which everyone would benefit but from which no private investors would profit ...

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