Wednesday, April 11, 2012

Oh, this is good. Really good...

This is one fun book review of a very interesting, if somewhat older book called "The Invention of Capitalism." It is a good tonic to the belief that Adam Smith was a kindly libertarian free-market guy who believed in small government. And it exposes how capitalism takes root, mostly with state action.

Let's try this mantra, shall we?

There will always be government. The essential question is for whom is the government working?

ADDENDUM: The author of the book in question is an economics professor from Chico State in California, Michael Perelman. I like him alot. If Obama was a real socialist, or someone economically populist, Professor Perelman would be the chairman of the Council of Economic Advisers at the very least...:-)

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