“The Best Which the Interests, Prejudices and Temper of the Times Would Admit of” Adam Smith, the seventeenth century Scottish philosopher and author of the seminal work on political economy, On the Wealth of Nations (1776), is widely renowned as the father of economic theory and considered the patron saint of conservatives for his description of the “invisible hand” which, in their understanding of his works, guides markets to their most efficient end and abhors any government intervention that…
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