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which is the great work of economics, and the great--
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the greatest and most thoughtful normative tract
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about markets and capitalism.
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I will--I'll begin, as I said, with a recapitulation.
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Then we'll talk about some basic components of Smith's argument,
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then I'll turn the slides off for a while and we'll talk informally,
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and I'll include Jim Alexander in the conversation
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about the way Smith and Smithism plays out in today's world,
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and how it contradicts in many respects
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what the great man actually said and meant to say.
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Before meeting two, meeting one.
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Meeting one really just said this: