Greenspan on The Wealth of Nations Revisited

SPEECH - In the speech 'The Wealth of Nations Revisited' made on 12 November, Alan Greenspan of the Federal Reserve said Adam Smith's idea of the 'invisible hand' whereby economic decisions that benefit an individual benefit society as a whole indirectly, have largely not been held by developing nations, even recently. It is hence incumbent on those of us who see broader and market-based globalisation as fundamental to the creation of wealth to defend and advocate the tenets of Adam Smith, he

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