UK: Smith's primer for a free market.

UK: Smith's primer for a free market. - The Wealth of Nations isn't the right-wing manifesto it's thought to be, says Stuart Crainer. Adam Smith talks as much about labour and his conclusions are distinctly humanitarian.

The Wealth of Nations isn't the right-wing manifesto it's thought to be, says Stuart Crainer. Adam Smith talks as much about labour and his conclusions are distinctly humanitarian.

For a book that is over 200 years old, there is a surprisingly modern-sounding ring to a great deal of Adam Smith's The Wealth of Nations. Take Smith on customer service: 'The pretense that corporations are necessary for the better government of trade is without any foundation. The real and effectual discipline which is exercised over a workman is not that of his corporation, but that of his customers.' W Edwards Deming, the management guru, never put it better.

Sign in to continue

Sign in

Trouble signing in?

Reset password: Click here

Email: mtsupport@haymarket.com

Call: 020 8267 8121

Register

FREE

  • Up to 4 free articles a month
  • Free email bulletins

Register Now

Become a subscriber

From £66 a quarter

  • Full access to managementtoday.co.uk
  • Exclusive event discounts
  • Management Today's print magazine
  • Plus lots more, including our State of the Industry Report.

Choose a Package