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dc.contributor.authorClark, Michael
dc.date.accessioned2019-04-01T18:35:53Z
dc.date.available2019-04-01T18:35:53Z
dc.date.issued2010-12-01
dc.descriptionAn interpretation of Adam Smith's rhetoric.en_US
dc.description.abstractRecent academic work has attempted to change the interpretation of Adam Smith from the founder of free market economics to a proponent of something much more akin to the modern welfare state. In a well known article Jacob Viner even claims that Smith’s departures from liberty were so great that an index of them would have astounded Smith. I suggest that Smith’s polite rhetorical strategy – represented by his explicit praise of the moderate rule Solon – has been under-appreciated. This paper aims to examine the Wealth of Nations with Smith’s polite approach in mind. I show that Smith’s interventionism was more limited than some suggest, and that some of the interventions contravened the liberty principle only mildly. I also show that virtually all of the interventions entertained or endorsed by Smith were part of the status quo in Scotland at the time. The approach also provides potential explanations for some of Smith’s well known inconsistencies, such as his endorsement of restriction in banking and lending at interest.en_US
dc.description.urihttps://papers.ssrn.com/sol3/papers.cfm?abstract_id=1785509en_US
dc.format.extent86 pagesen_US
dc.genrejournal articleen_US
dc.identifierdoi:10.13016/m2iutr-wb7h
dc.identifier.citationClark, Michael James. (December 1, 2010). Adam Smith’s Approach to Public Policy: Astounding Deviation or Artful Moderation? Available at SSRN: https://ssrn.com/abstract=1785509 or http://dx.doi.org/10.2139/ssrn.1785509en_US
dc.identifier.urihttp://dx.doi.org/10.2139/ssrn.1785509
dc.identifier.urihttp://hdl.handle.net/11603/13288
dc.language.isoen_USen_US
dc.publisherSSRNen_US
dc.relation.isAvailableAtUniversity of Baltimore
dc.subjectSmithen_US
dc.subjectPublic Policyen_US
dc.subjectLibertyen_US
dc.subjectGovernment Interventionen_US
dc.subjectRhetoricen_US
dc.titleAdam Smith’s Approach to Public Policy: Astounding Deviation or Artful Moderation?en_US
dc.typeTexten_US


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