Against the neoliberal denunciation of the welfare state (tags)
No economist is so misunderstood and misinterpreted as Adam Smith. Many consider him to be an advocate of the "free market" and narrow-minded egoism. What a mistake! Smith saw an important and strong role for the state.
Adam Smith as Philanthropist (tags)
The market can only fulfill its technical function when its rules and mechanisms are politically fixed and governmentally monitored...Adam Smith's theory has nothing to do with neoliberals and market radicals who preach the sleek state, low taxes for businesses and low wages.