In Search of the Real Adam Smith | Freakonomics Radio | Episode 525

How did Adam Smith, an affable 18th-century “moral philosopher,” become the patron saint of cutthroat capitalism? Does “the invisible hand” mean what everyone thinks it does? We travel to Smith’s hometown in Scotland to uncover the man behind the myth. (Part 1 of a series.)
This episode was originally published December 7, 2022.
For a full transcript, resources, and more, visit: freak.ws/3WfjBNK
Photo credit: Audrey Bernstein
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[@DAVIDPETERS12C]

Good one! I'm listening while studying.

[@Aye84848]

No such thing as “free market “ economy. Those who misuse Smith’s theory; namely a tiny part of what ever they want such as “..the enviable hand…” If Republicans have it their way they will use “..free market..” and less “…oppressive ..” govt to mean ALL FOR SELF THE REST BE DAMED! Labor is a commodity. Therefore it should be traded based on what ever the owner is willing to pay for it and how it wants to treat it! Example: no minimum wage, no Medicare insurance, no social security etc. Read. Republican economist Milton Freedman