Adam Smith on Property Rights

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Barun Mitra

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May 3, 2014, 7:32:33 AM5/3/14
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The great Scottish Enlightenment thinker Adam Smith, a moral
philosopher who is sometimes referred to as the “father of modern
economics,” wrote in 1762: “The first and chief design of every system
of government is to maintain justice; to prevent the members of a
society from encroaching on one another’s property, or seizing what is
not their own.”

Barun
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