The capitalism of Adam Smith is the very definition of the Enlightenment from which it arose. The capitalism on display in modern Scotland, and across the rest of the world, is so far from the light ...
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Capitalism can work, but only with constraints that ensure ... Modern economics was built on ideas spelled out by Adam Smith in his 18th-century The Wealth of Nations. But while he used the term only ...
Its taxes should therefore be minimal to ensure they do not become barriers to trade.So, how should Kenya align itself to the above classical rules of capitalism as set out by Adam Smith?