(Cross-posted from Heidi Li’s Potpourri) The proper relationship between markets and governments in a liberal state is a debatable one. Adam Smith, generally understood to be one of the major progenitors of modern laisezz faire economic-political theory, did not advocate for the absence of the government intervention in economic affairs. Indeed he felt that the [...]
Filed under: Barack Obama, Economic Blogs, government, Liberalism, Religion in government | Tagged: Adam Smith, Barack Obama, Liberalism, nationalization, Office of Faith Based Initiatives, religion | 63 Comments »






