chapter  8
13 Pages

Looking Backward: Some Medieval Precedents

Freeenterpriseisanambiguousconcept.Itmightmean,aswiththeManchester liberals,afightingbeliefinthevirtueofcompetition;oritmightmean,aswith present-dayconservatives,afightingbeliefintheviceofgovernmentintervention.Bothmeaningscanbetracedtotheprophetofmodemcapitalism;bothcan befoundinTheWealthofNations,thebibleoflaissezfaire.