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We've Been Making the Same Mistakes Adam Smith Warned Us About for 250 Years, Says Economics Professor
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Scottish moral philosopher Adam Smith probably had no idea that he would one day be considered the founder of economics as a separate scientific discipline. Exactly 250 years ago, on March 9, 1776, he published his A Treatise on the Nature and Origin of the Wealth of Nations, also known as The Wealth of Nations, which became the “economic bible.” The nearly thousand-page work provided detailed instructions for the functioning of a prosperous soc…
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