Independence Day: Adam Smith and Energy

Independence Day: Adam Smith and Energy

Just four months before The Declaration of Independence was adopted on July 4, 1776, Adam Smith published The Wealth of Nations. “If the American Founding Fathers articulated in The Declaration of Independence the political case for individual freedom,” one scholar noted, “Adam Smith presented the complementary argument for economic freedom and free enterprise.” Smith’s insights from nearly 250 years ago resonate in today’s public policy debates…