An oft-overlooked, point of Adam Smith is an appreciation of family firms. When Smith developed his ideas about markets, the only enterprises around him were family-owned ones (with the notable exception of the joint-stock East India Company, which Smith decried).
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Trump should heed Adam Smith’s lesson on markets
"The capitalist aura looks especially strong given that Elon Musk, the entrepreneur and co-founder of Tesla, is set to be influential in the next administration"
