> He saw the interests of large capitalists as conflicting with those of the public: capitalists seek high profits, which corrupt and impoverish society.
This is rubbish.
WoN is one of my very favourate books.
Smith is absolutely - astoundingly in fact - neutral in his writing. He says what happens, and what happens because of it.
To write as quoted here, to put opinions into what Smith writes, is to be doing exactly what the article begins with, which is arguing that Smith did not say what he is often made to say.
To my recollection, there is in the entire book exactly one time when Smith offers an opinion; he is discussing bounties paid by the English State on exportation of a particular good, then notes that once a particular level is reached, the bounty ceases and is replaced by a penalty, and he opines that it seams improper to encourage people by the bounty to export and so be encourages to get to the point where they will then be penalized.
This is rubbish.
WoN is one of my very favourate books.
Smith is absolutely - astoundingly in fact - neutral in his writing. He says what happens, and what happens because of it.
To write as quoted here, to put opinions into what Smith writes, is to be doing exactly what the article begins with, which is arguing that Smith did not say what he is often made to say.
To my recollection, there is in the entire book exactly one time when Smith offers an opinion; he is discussing bounties paid by the English State on exportation of a particular good, then notes that once a particular level is reached, the bounty ceases and is replaced by a penalty, and he opines that it seams improper to encourage people by the bounty to export and so be encourages to get to the point where they will then be penalized.
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