Speaker
Chandran Kukathas
(Singapore Management University)
Description
In the Wealth of Nations Adam Smith presents a critique of the spirit of monopoly for the way in which it led to policy that privileged the few at the expense of the many. Implicit in this view is the idea that those who gained an advantage from the privileges they secured were what we could now call rent-seekers, who were able to alter the rules of economic exchange for their own benefit. Also implicit here is the idea that there is a natural or free economic order that is distorted by politics. This paper questions the plausibility of Smith’s view by asking whether there is or can be a natural system of economic liberty.
| Organization | Singapore Management University |
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Primary author
Chandran Kukathas
(Singapore Management University)
