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The central place of Adam Smith in economic and political history is reflected in the wealth of critical interest over the last two centuries and the vigorous debate about his ideas by practical policy‐makers and politicians throughout that time. His Wealth of Nations (first published 1776) has been regarded as the bible of free trade and laissez‐faire economics, but in fact formed part of a larger “project” of enlightened moral as well as politico‐economic advocacy that took in other important works like The Theory of Moral Sentiments (first published 1759), as well as his Essays and Lectures on Jurisprudence....

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