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Was Adam Smith a communist?

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In his two-tome, 1400 page Dutch Leerboek der Staathuishoudkunde (Textbook of Economics), first published in 1884, Nicolaas Pierson (1839 - 1909) accuses the great Scotsman of being a communist – or at least of consciously clearing the way for the socialists with their ideal of a communist society. In addition to historical curiosity, this reading of Smith as a communist is interesting because it was offered by a man who was not only the most eminent Dutch economist at the time, but a banker, Director and President of the Dutch central bank for decades, Minister of Finance, and Prime Minister. Moreover, Pierson’s extensive and thorough exposition of why the Wealth of Nations is in fact not too different from Marx and other socialists’ view of the economy is strangely casual and unintentionally provocative to the modern reader due to all the twentieth century connotations of communism it obviously lacks.

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