Glory Liu

Smith would have so much to say about the excess profits.

that are being earned by energy and mining companies globally.

Modern day finance, where you have $6 trillion in the last 10 years having been used just to buy back shares, to boost share prices, stock options and executive pay.

Which was this theory that Smith changed his mind or had a change of heart between writing The Theory of Moral Sentiments in 1759 and The Wealth of Nations in 1776.

Right, exactly.

Oh, I don't know.

German scholars are weird.

One reason why I think it happened in Germany and not in England and not in the United States is because German scholars were really interested in Adam Smith as a thinker, recovering the philosophical consistency of Smith's works, as opposed to like what was happening in England and what was happening in the United States, which is that people didn't really care about what Smith actually said.

where Smith has really just whittled down to the ideology of free trade.

Any self-respecting Smith scholar will just be like, there's no Das Adam Smith problem.

Like, it's a pseudo problem.

I'm thinking of this quote.

Always, like, you know where it is.

And then, of course, right when you want to find it, you can't find it.

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