Posts by davidmouritsen@masto.ai
 (DIR) Post #APysnh7D3wTnlZ1Upc by davidmouritsen@masto.ai
       2022-11-25T19:19:22Z
       
       0 likes, 0 repeats
       
       @kims @bradweed @blair_fix @pluralistic I wish more people read The Wealth of Nations, in addition to The Theory of Moral Sentiments. The thunderous conclusion to Book I, for example, makes it amply clear how badly his name is misused. Smith would be appalled.
       
 (DIR) Post #APz5GmOViH51zEkbmy by davidmouritsen@masto.ai
       2022-11-26T03:54:05Z
       
       1 likes, 0 repeats
       
       @longobord @carolannie @dylanmorgan @kims @bradweed @blair_fix @pluralistic The word "monopoly" appears 175 times in The Wealth of Nations -- though Smith uses it essentially as a synonym for restrictions on free trade. However, Smith's concerns were over the suppression of competition and the limitation of choice and quantity of commodities, not just price-fixing -- contrary to the views of Bork, Posner, and the Chicago School, and the shadow they cast over American jurisprudence.