Essays in Regulation


A Commentary on the Opening Chapters of ‘An Inquiry into the Nature and Causes of the Wealth of Nations’

Adam Smith’s Wealth of Nations (“WoN”) is a foundational book in the social sciences and one of the classic works of human civilization, but like many classics it is rarely read. Its influence has been profound, but that influence has come largely via the work of Smith’s
successors who, in their own writings, have frequently cherry picked the text in ways that have
served their own, particular purposes in a range of different, later contexts. In consequence many of Smith’s own points have been lost or distorted…

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