The classical liberal character of economics emerged in the eighteenth century, notably with Adam Smith’s view that politics is prone to an under-appreciation the relative virtues of natural liberty. Smith centered political economy on the presumption of liberty. The Journal of Economic Literature published a review of The Economic Report of the President. Five authors writing separately raised numerous omissions in The Economic Report of the President. The authors do not suggest as worthy reform a single ERP-omitted potential liberalization. The review shows little trace of the Smithian character.
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Article provided by Atlas Economic Research Foundation in its journal Econ Journal Watch.
Volume (Year): 3 (2006) Issue (Month): 3 (September) Pages: 466-483 Download reference. The following formats are available: HTML
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Find related papers by JEL classification: A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
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Mark Thornton, 2004.
"Drug Policy,"
Econ Journal Watch,
Atlas Economic Research Foundation, vol. 1(1), pages 82-105, April.
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