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Social Sciences x Financial Institutions and Services x History of Economic Thought (to 1925) x History of Economic Thought x Market Structure and Pricing x clear all

Adam Smith on markets, competition and violations of natural liberty

Heinz D. Kurz.

in Cambridge Journal of Economics

March 2016; p ublished online March 2015 .

Journal Article. Subjects: History of Economic Thought (to 1925); History of Economic Thought (1925 onwards); Information, Knowledge, and Uncertainy; Market Structure and Pricing; Economics; Financial Regulation. 12976 words.

According to Adam Smith, markets and trade are, in principle, good things—provided there is competition and a regulatory framework that prevents ruthless selfishness, greed and rapacity...