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Free Trade and Markets
A Conflict of Interest
Economist Adam Smith warned that when Western commercial interests get involved in policy-making abroad, war and want are sure to follow.
by Adam Smith 1723-1790
Liberty and Prosperity
Private Prudence, Public Folly
Adam Smith contrasted the Government’s handling of the national economy with the way most families handled theirs.
Disbanding Empire
Adam Smith could not imagine it would ever happen, but he nevertheless recommended that Britain grant independence to her colonies.
Indian History
An Avoidable Tragedy
Adam Smith argued that the Bengal Famine of 1769 would have been much less of a tragedy under a free trade policy.
Folly and Freedom
Britain’s colonies were founded to supply her Government with gold, but instead they supplied her people with liberty.
The Empire of Enterprise
Adam Smith credited the British Empire’s success not to the policy of her Government, but to the character of her people.