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Title: The Unknown Adam Smith - A suppliment to other reviews.
Review: A short note for those about to enter into the world of Adam Smith - Take time to examine Book V, parts I-III. You'll notice that Smith, quite contrary to his Laisse-faire proponants, is elucidating the beginnings of Keynes, rather than the Milton Freeman view. "The duty of the sovereign or commonwealth is that of erecting and maintaining those public institutions and those public works, which...[are] of such a nature, that the profit could never repay the expanse to any individual or small number of individuals, and which it therefore cannot be expected that any individual or small number of individuals should erect or maintain." (Smith, Adam The Wealth of Nations, pg. 681)
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