...and simple system of natural liberty establishes itself of its own accord. Every man, as long as he does not violate the laws of justice, is left perfectly...interest his own way, and to bring both his industry and capital into competition with those of any other man, or order of men' (WN.IV.ix.51). Elsewhere, Smith...

...limited government, one that left every resident of Britain, in Adam Smith's words quoted earlier, "perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of any other man, or order of men." (1980, 56) Such a comment serves...

...and simple system of natural liberty establishes itself of its own accord. Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest in his own way, and to bring both his industry and capital into competition with those of any other...

...itself, where Smith describes the system of natural liberty as one in which "every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest in his own way" (emphasis added). 51. John R. Hicks, "The Foundations of Welfare Economics," Economic...

...individuals free 'in our present sense of the word' 61 in the system of natural liberty where every man 'is left perfectly free to pursue his own interest his own way'. 62 Personal liberty carried political implications. It was the 'highest impertinence and presumption'...

..."simple system of natural liberty" would evolve "of its own accord." Each individual would then be "left perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of any other man, or group of men," provided "he does not violate...

...is that decisions are made by the individuals with the requisite knowledge: Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest in his own way, and to bring both his industry and capital into competition with those of any other...

...free market preserves, not just liberty, but the democratic equality of all its actors. as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest in his own way, and to bring both his industry and capital into competition with those of any other...

...and simple system of natural liberty establishes itself of its own accord. Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest in his own way, and to bring both his industry and capital into competition with those of any other...

...in the same passage to qualify that statement, arguing that, in commerce, 'every man, so long as he does not violate the laws of justice, is left perfectly free to pursue his own interest...' (emphasis added). Further, according to Smith, market exchanges are justified only under the rule of...