In economic policy, limited governments seek minimal interventions in trade or commercial activity. They are often associated with concepts such aslaissez-faireeconomics, as first delineated in Adam Smith’s 177
It’s supposed to be using models based on objective data. This is the part of economics that, since Adam Smith, has always aimed to be a science. Positive economic statements are specific and should be testable against evidence. The goal is to understand the workings of the economy ...
That in combination with managing our expectations and our beliefs about how things SHOULD be in our life can create a very fertile ground to constantly plant little mustard seeds of happiness which eventually will grow and germinate into emotions of bliss, contentment, peace, excitement, enthusiasm...
life, and individual freedom; otherwise, the natural, unchanging laws that govern market forces and economic processes—what later British economistAdam Smithdubbed the “invisible