Saturday, 23 February 2008
Would Adam Smith Buy Fair Trade Sugar?
Add or View Comments- Sat, 23 Feb 2008
- View More On: Fair Trade
I awoke this morning to news of Tate & Lyle's semi-conversion to Fair Trade. John Humphries interviewed a representative from the Adam Smith Institute and the Fair Trade Foundation. Two economic sparring partners who clearly clashed with vigour!
He's a Believer!?
I graduated in Economics and I have even read half of Adam Smith's "The Wealth of Nations". Adam Smith seemed to me someone whose views (or observations?) might have been used out of convenience. I sought in this little post, to show that in fact Adam Smith may have advocated the market-distorting Fair Trade system.
