Aasof’s Reflections

This week on Facebook: I add this as part of my 2019 April posts on political and economic themes, in which there are two reprises that are not quite the same as the originals. However, in this post, both the article on Friday and Ian Buckley’s essay Learning from Adam Smith quote the following caution from economic historian John Kenneth Galbraith.

Corporate executives and their spokesmen who cite Smith today as the source of all sanction and truth without the inconvenience of having read him would be astonished and depressed to know he would not have allowed their companies to exist.

My first reprise has minor alterations and  he original can be read here, what follows is essentially as it was written. Read more of this post