On the horizon…our challenge is to reclaim…not just economic principles associated with Adam Smith…but the moral spirit associated with him…as well. Actually…Smith’s economics looked quite different from what…typically…the public expects of economists…today. He was a moral philosopher…whose principal ambition was to ask and answer questions about so-called “right action.” What should individuals and families do? And at the macro level…Smith asked…what should communities and entire societies do?”
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