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Koen: Great essay. Great quotes. However, Adam Smith always intended for folks to read both volumes of his together, starting with his own version of behavioral econ, The Moral Sentiments. And when he mentions free markets, he meant free from the rentier. Now we have the invisible hand job, or the invisible foot kicking us in the ass.

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Greg Daneke, Emeritus Prof.

Top Economics Writer. Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & accasional diatribes.