Bibliographic Details
| Title: |
GOP Doesn't Know Smith From Adam. |
| Authors: |
Riley, Jason L. (AUTHOR) |
| Source: |
Wall Street Journal - Online Edition. 2/18/2026, pN.PAG-N.PAG. 1p. |
| Subjects: |
Smith, Adam, 1723-1790, Wealth of Nations, The (Book : Smith), Intervention (Federal government), Republicans, Free enterprise, Mercantile system, Republican Party (U.S. : 1854- ), Neoclassical school of economics, Protectionism, Trump, Donald, 1946- |
| Abstract: |
The article discusses the upcoming 250th anniversary of Adam Smith's "An Inquiry Into the Nature and Causes of the Wealth of Nations," emphasizing its significance as a foundational text of modern classical economics. It critiques the current state of the Republican Party, particularly under Donald Trump's leadership, for adopting policies that resemble mercantilism rather than free-market principles, such as government intervention in industries and protectionist tariffs. The author argues that Republicans should revisit Smith's ideas to realign with the core tenets of economic freedom and free trade, which prioritize consumer welfare over cronyism and government control. The piece calls for a renewed commitment to free-market economics within the party as it navigates its future. [Extracted from the article] |
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| Database: |
Regional Business News |
