“That invidious word, ‘capitalism,’” Irving Kristol reminds us, “was invented by European socialists about a half-century” after the publication of Adam Smith’s Wealth of Nations. Although the term is now lovingly embraced by proponents of free enterprise, it has never ceased to carry negative connotations, even to souls disinclined towards socialism. Kristol recognizes that, inContinue reading “Counseling Capitalism”
Tag Archives: Adam Smith
Time to Make the Doughnuts!
In this classic commercial, Fred the Baker is torn between a devil, who urges him to get a decent night’s sleep, and his guardian angel, who advises him get up at a presumably ungodly hour to make fresh doughnuts for “all the nice folks.” The conceit, that Fred is robbing himself of beauty rest forContinue reading “Time to Make the Doughnuts!”
"His Tongue shall Speak Judgment" 