≡ Menu

Quotation of the Day…

… is from page 80 of Jerry Evensky’s article “The Wealth of Nations,” which is chapter 5 in Ryan Patrick Hanley, ed., Adam Smith: His Life, Thought, and Legacy (2016):

[Adam] Smith spends most of Book IV [of The Wealth of Nations] demonstrating that mercantilist policies in fact reduce the wealth of the nation. His objective is to unmask the advocates of these distorting policies as powerful players who use their wealth and influence to persuade or, if necessary, “intimidate the legislature” into adopting their self-serving policies.