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Societies for the History of Economics

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Societies for the History of Economics <[log in to unmask]>
Subject:
Re: SHOE: QUERY--Smith
From:
Scot Stradley <[log in to unmask]>
Date:
Thu, 2 Apr 2009 08:41:41 -0400
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Societies for the History of Economics <[log in to unmask]>
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In reply to Bruce Caldwell, I think that Adam Smith believed some 
regulation was necessary not because of market imperfections, but 
because of human imperfection.  Markets are not endowed with human 
nature, but are instead mirror images of human nature.  Man did 
domesticate some animals, but man does not control even those he 
domesticated.  It is possible to say that those animals did in fact 
domesticate humans.

Scot Stradley

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