Re: Smith's non-laissez faire doctrine

[GSKILLMAN@xxxxxxxxxxxx]

> From:           Jim Devine <JNDF%LMUACAD.BITNET@xxxxxxxxxxxxxxxxxx>

> Can anyone think of any good, juicy, quotes from Adam Smith's WEALTH OF
> NATIONS  or THEORY OF MORAL SENTIMENTS, that clearly states his  non-
> belief in laissez-faire, at least in the crudest possible kinds of
> laissez-faire? or clearly states his criticism of the market system or
> capitalism?
>
> thanks ahead of time.
>

Jim, you might also check out the early pages of Chapter 8 in the
WEALTH OF NATIONS, in which Smith says something to the effect that
capitalists almost always enjoy the upper hand in wage bargaining,
and that "combinations" [collusion] among capitalists is likely to be
common, although the public hears less about this than about
combinations among workers.  Gil [gskillman@xxxxxxxxxxxxxxxxxx]

[Here's hoping this gets through.  None of my past 5 replies on
various topics has....]