June 8, 2021

Adam Smith Versus Bamboo and Cicadas

Robert Graboyes

Senior Research Fellow

Bamboo and cicadas have developed long lifecycles in order to find a place in the spontaneously ordered brutality of nature, but this survival-of-the-fittest paradigm is not a good analogy for Adam Smith's economic theories, despite what Smith's critics might say. Read more at InsideSources.