For even when the psychological inadequacies of Smith's attitude are put aside, we can judge his theory in the light of the experience it summarizes.
Harold J. Laski: “For even when the psychological inadequacies of Smith's attitude are put aside, we can judge his theory in the light of…”
Editor's note · Context
Laski evaluates Adam Smith's theories against the backdrop of psychological and experiential realities.
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We grant it in religion to deny it in politics; we grant it in politics, to deny it in economic matters.
Each age finds that the incidence of freedom is significant at some special point, and there, once more, the lesson of freedom has to be learned.
The only way to deal with novelty is to understand it, and the only way to deal with grievance is to seek a remedy for the complaint it embodies.
The intolerance may be Catholic, when it insists that a unity of outlook is essential for the preservation of society; or it may be Protestant when, as with Calvin and the Socinians, it holds that the blasphemous nature of the belief…





