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Daily Archives: August 5, 2020

Revisiting Adam Smith:
Monopolists, Tariffs, and the Working Class

competition, EconomyBy Beth BaltzanAugust 5, 2020

We think of Adam Smith as the father of free trade. Having coined the phrase “Invisible Hand,” he’s portrayed as something of a libertarian icon. But that’s a caricature of a man who had much more profound, and nuanced, views of political economy – and of the welfare of the working class. Smith on Tariffs Generally opposed to…

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