Adam Smith and Laissez Faire

  title={Adam Smith and Laissez Faire},
  author={Jacob Viner},
  journal={Journal of Political Economy},
  pages={198 - 232}
  • J. Viner
  • Published 1 April 1927
  • Economics
  • Journal of Political Economy
An endeavor to make a just appraisal of Adam Smith's original contributions to economic doctrine would even today be a task of extraordinary difficulty. On the one hand, what was serviceable in his doctrines has become so thoroughly incorporated in our modern thinking that we discover it upon the slightest provocation in whatever we may read that was written before his day, and we are especially prone to make a virtue of obscurity in his predecessors by taking it for granted that it conceals… 

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