Although famous for articulating a radical system of “natural liberty,” Adam Smith often diluted his message and curried favor with the political establishment. Hardly a radical, Smith came to the free-market revolution after it had largely been won.

EconomistsEconomyFree Market EconomicsPhilosophy and Religion
Other Independent Review articles by Salim Rashid
Winter 2005/06 Watchman, Who Watches Thee?: Donors and Corruption in Less-Developed Countries