Friday, April 3, 2009

Smith third law: a theory of government

Karan Horn has quite interesting article on Adam Smith and his idea. What was interested me was:

 “We actively educate ourselves so that we can hope to be truly praiseworthy.” 

“The question has to do with the natural harmonisation of interests. Is there any way in which the interests of government are spontaneously aligned with the interests of the governed? Is political action possible without destroying the checks and balances of the spontaneous order? Smith doesn't give us an answer. Maybe he had found that there was no such way”.

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