Would Adam Smith (1776) Publish Online?
At the intersection of the original Adam Smith and the ‘net is, well, irresistible territory. And now we have it in the current Forbes, courtesy of P.J. O’Rourke’s “Adam Smith: Web Junkie.” Here’s the thesis, which is indisputably correct: “I wonder if the know-it-alls at Wikipedia realize that the Internet was fully described and completely understood more than 200 years ago by Adam Smith, founder of free market economics. […] “In The Wealth of Nations , published in 1776, Adam Smith explained the three factors that constitute the free market: pursuit of self-interest, division of labor and freedom of trade. There you have the Internet without so much as a mouse click. […] “The Internet is not a wonderful new world. The Internet just is a natural extension of the free market.” But it’s deeper than that, at least to my way of thinking. Every time I see or read another hyper-ventilating media expose of that old devil the Internet, with its fraud, its cons, its porn, its deviants, an
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- Would Adam Smith (1776) Publish Online?
