Smith, Adam

Smith did not inaugurate a new chapter in social philosophy and did not sow on land hitherto left uncultivated.

Economic Freedom and Interventionism, p. 115

Nobody should believe that he will find in Smith’s Wealth of Nations information about present-day economics or about present-day problems of economic policy. Reading Smith is no more a substitute for studying economics than reading Euclid is a substitute for the study of mathematics.

Economic Freedom and Interventionism, p. 117