In National Review‘s Capital Matters, the CEA’s John Mozena marked the publishing anniversary of Adam Smith’s “Wealth of Nations” by pointing out how Smith’s 1755 recipe for national prosperity is still a valid economic development policy in the modern day:
“Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things.”