Discussion about this post

User's avatar
Jane B In NC🌼's avatar

Thank you for writing this. So much insanity is going on every single day

Expand full comment
David R Graham's avatar

Adam Smith, commonly regarded as the ‘father of modern capitalism’, or the ‘father of modern economics’, but he is neither. He is, however, the ‘father of classical economics’. The ‘neoclassical’ economists are the true ‘fathers of modern economics’ who, at the turn of the 20th century dropped a key motivation for economic behavior, empathy, that along with self-interest was the original dynamic for the term, an ‘invisible hand’. You don’t have to take my word for it. Just read Smith’s first book, “The Theory of Moral Sentiments”, written 17 years before his second book, “The Wealth of Nations”, which was his more referenced book. If we were to return to Adam Smith’s original vision for economics, our mindset would make us realize that basing our economics on just self-interest has warped our sense of community that the Founders, who had to build an economics for a nation and had read Smith’s “Moral Sentiments’, based their economic plan on both self-interest and empathy. Let’s work to get back to that vision and go on offense against the current distortion of our democratic republic. It’ll get us back to what our Founders built into our Constitution, free speech and all.

Expand full comment
1 more comment...

No posts