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Meet the ‘Adam Smith of Ancient China’

Started by Epoch-Times-Bot, Oct 13, 2022, 02:45 PM

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Epoch-Times-Bot

Meet the 'Adam Smith of Ancient China'

Commentary
The book of Ecclesiastes tells us that "there is nothing new under the sun." The quote reminds us that few things we think of as new are actually new, and economic philosophy is no exception.
While Karl Marx is considered the father of communism, his ideas were not as original as many think. His intellectual precursor was Francois-Noel Babeuf (1760-1797), a proto-socialist of the French Revolution who was executed for participating in a failed coup designed to overthrow the Directory. Decades before Marx was born, Babeuf called for absolute equity and prohibiting private property.
Marx's classical liberal counterpart, Adam Smith, has his own intellectual doppelganger. It is believed that Anders Chydenius was born only a few years after Smith (Smith's precise date of birth is unknown). Like the more famous Scotsman, Chydenius was a champion of free trade, a free press, and equal rights before the law. And a decade before Smith published "The Wealth of Nations," Chydenius described an economic process similar to Smith's "invisible hand."...

Source: Meet the 'Adam Smith of Ancient China'


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