
Source: The Black Swan: The Impact of the Highly Improbable (2007), p. xxi
2013, Remarks on Economic Mobility (December 2013)
Context: It was Adam Smith, the father of free-market economics, who once said, “They who feed, clothe, and lodge the whole body of the people should have such a share of the produce of their own labor as to be themselves tolerably well fed, clothed, and lodged.” And for those of you who don’t speak old-English let me translate. It means if you work hard, you should make a decent living. If you work hard, you should be able to support a family.
Source: The Black Swan: The Impact of the Highly Improbable (2007), p. xxi
Source: The Other Side Of The Coin (2008), Chapter 9, Square Versus Oblong, p. 284
Part Three, Arbitrage, Paul Samuelson, p. 117
Fortune's Formula (2005)
La doctrine économique d'Adam Smith, c'est la doctrine de Mandeville, exposée sous une forme non plus paradoxale et littéraire, mais rationnelle et scientifique.
Élie Halévy La formation du radicalisme philosophique (Paris: F. Alcan, 1901-4) vol. 1, p. 162; Mary Morris (trans.) The Growth of Philosophic Radicalism (Clifton, N.J.: A. M. Kelley, 1972) p. 90.
Criticism
“Hitler was ‘an enemy of free-market economics’ and a ‘reluctant dirigiste.”
Source: War and Economy in the Third Reich (1994), pp. 1–2
Speech at Rochdale (23 November 1864), quoted in John Bright and J. E. Thorold Rogers (eds.), Speeches on Questions of Public Policy by Richard Cobden, M.P. Volume II (London: T. Fisher Unwin, 1908), p. 493.
1860s
except for the weak
Z Magazine, February 1995 http://www.chomsky.info/articles/199505--.htm.
Quotes 1990s, 1995-1999
Das Merkantilsystem hatte noch eine gewisse unbefangene, katholische Geradheit und verdeckte das unsittliche Wesen des Handels nicht im mindesten. ... Als aber der ökonomische Luther, Adam Smith, die bisherige Ökonomie kritisierte, hatten sich die Sachen sehr geändert. ... An die Stelle der katholischen Geradheit trat protestantische Gleisnerei.
Outlines of a Critique of Political Economy (1844)