Smith has been debunked so many times already. You just got to read up on what has happened since his ideas were championed by those in power – and what happens to people who try to correct this basic mistake. Go Chomsky and others who bother learning and being compassionate, which is also something Smith had problems with.
Not entirely Smith’s fault but he should have known his words would have been twisted by those with less scruples and more to lose.
more here, agreed btw.
I can highly recommend Jeff Madrick’s book “Seven Bad Ideas: How Mainstream Economists Have Damaged America and the World.” reviewed here https://www.huffpost.com/entry/the-invisible-hand-conver_b_6590420
Smith has been debunked so many times already. You just got to read up on what has happened since his ideas were championed by those in power – and what happens to people who try to correct this basic mistake. Go Chomsky and others who bother learning and being compassionate, which is also something Smith had problems with.