“In the following citations, we discover that what Adam Smith wrote in the 1770s is not so distant from what Karl Marx and Friedrich Engels would write 70 years later in the famous Communist Manifesto…”

And ProseBeforeHos offers this:

“[Adam] Smith saw the East India Company and other stockholding corporations as bending state policy towards the good of the few at the expense of the many. Smith to this end was in favor of heavy-handed government regulation to prevent financial and corporate powers from manipulating government policy for their own ends…”

And besides, Adam Smith may not be the patron saint of economics anyway. That honor could well belong to Darwin…

This entry was posted on Thursday, July 16th, 2009 at 6:09 pm and is filed under Antics and Pedantics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.