Adam Smith’s public choice economics

Source: Cato Unbound
by Maria Pia Paganelli

“In Smith’s account, land owners were too concerned with showing off their riches to care about things other than ornaments. Farmers and workers may have known their interest but were seldom in a position to lobby. They were many, and they were spread throughout the country. Merchants and manufacturers, on the other hand, knew their interest well and tended to be concentrated in towns. They were few and lived in proximity to each other. They could more easily conspire against the public and indeed this is what they did.” (03/10/17)

https://www.cato-unbound.org/2017/03/10/maria-pia-paganelli/adam-smiths-public-choice-economics