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Sunday, July 5, 2009

Sunday Book Review- On "The Wealth of Nations"

P.J. O'Rourke wrote a book about another book a couple of years ago. Allan Sloan reviewed it for the New York Times.

Smith’s thesis, which still resonates today, is that setting people free to pursue their own self-interest produces a collective result far superior to what you get if you try to impose political or religious diktats. Free people allowed to make free choices in free markets will satisfy their needs (and society’s) far better than any government can. Finally, Smith believed passionately in free trade, both within countries and between them. He felt that allowing people and countries to specialize and to trade freely would produce enormous wealth, because freeing people and nations to do what they do best will produce vastly more wealth than if everyone strives for self-sufficiency.

1 comment:

  1. If we look at "the wealth of nations" literally, I can't help but think of this one article I saw today: http://www.pressdisplay.com/pressdisplay/showlink.aspx?bookmarkid=NPGJ4YJN4495&preview=article&linkid=ba6c78f6-054c-4d21-b09a-cf98cc352141&pdaffid=ZVFwBG5jk4Kvl9OaBJc5%2bg%3d%3d

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