Lessons From The Global Financial Crisis by Richard Morgan - Books

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Lessons from the Global Financial Crisis

By Richard Morgan Business & Personal Finance 16/09/2010

Adam Smith was an advocate of the free market; however his first and widely-acclaimed work, The Theory of Moral Sentiments, was on ethics. While commentators tend to review this work in isolation from his writing on political economy, Richard Morgan argues that although The Wealth of Nations is concerned with political economy, Smith's pointed attacks on exploitation and greed reflect the ethics outlined in his first work and illuminate the constructive role he proposed for government.