An economic myth

Robert Reich debunks economic myth #1.

Economics, when Adam Smith founded it, was about questions such as the meaning of a good society. What sort of society do we want? How do we understand a “good” society? What do we owe one another as members of such a society?

He called himself a moral philosopher.

And that is still what economics is about, except that plutocratists pretend that that part of it never existed.