David Orrell Quote

The entire thrust of neoclassical thought is to argue that the free market economy is an efficient system that will optimize utility for all mankind, if only government will get out of the way. It therefore departs from classical economists such as Adam Smith, who recognized the importance of governments for regulating markets and preventing monopolies.

Chapter 9, Square Versus Oblong, p. 284 - The Other Side Of The Coin (2008)