There are many strands of free-market thinking. Adam Smith believed it was a branch of moral philosophy. For Ayn Rand, it was a branch of pop philosophy.
LOS ANGELES There are many strands of free-market thinking. Adam Smith believed it was a branch of moral philosophy. For Ayn Rand, it was a branch of pop philosophy. Milton Friedman himself would be the first to admit that free-market capitalism is idealistic. There is certainly a utopian aspect to the notion that simply liberating capital from all constraints would bring
LOS ANGELES It might seem like an obscure footnote among the history-making events of 2022, but the year of Queen Elizabeth II’s death coincides with the 300th anniversary of Adam Smith’s birth. It also might seem like these two famous British figures have little to do with one another; Smith, after all, tends to be associated more with Margaret Thatcher, who was said to