Stop Associating Adam Smith with Laissez-Faire Economics

Modern misuses of the father of economics

By Jag Bhalla Adam Smith was no fan of greed. And Smith fans who hold selfishness a virtue, distort what he called his best work. 1. “Adam Smith was a behavioral economist,” says Richard Thaler (noted Misbehaving adder of empirical psychology to economics). 2. Smith […]

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Paleo-Economics Shaped Us Morally

Our ancestors’ economic dilemmas

Editor’s Note: In an effort to center New Economic Thinking in the discussion of the COVID-19 crisis, we’ve curated a list of Evonomics articles relevant to this moment—including this one. Check out the full list here. […]

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