Would Adam Smith Buy Fair Trade Sugar?

I awoke this morning to news of Tate & Lyle's semi-conversion to Fair Trade.  John Humphries interviewed a representative from the Adam Smith Institute and the Fair Trade Foundation.  Two economic sparring partners who clearly clashed with vigour!

He's a Believer!?

I graduated in Economics and I have even read half of Adam Smith's "The Wealth of Nations".  Adam Smith seemed to me someone whose views (or observations?) might have been used out of convenience.  I sought in this little post, to show that in fact Adam Smith may have advocated the market-distorting Fair Trade system.

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