The wisdom of Adam Smith: public debt edition

Posted on August 20, 2026 by F. E. Guerra-Pujol

Is American exceptionalism for real? With the recent news that the public debt of the United States has now surpassed $40 trillion (see here, for example), I want to take a moment to share my previous blog posts (from earlier this year) on Adam Smith’s thoughts on public debts:

  1. “The last chapter of The Wealth of Nations: *Of Publick Debts*“
  2. “Adam Smith, father of public choice theory“
  3. “The real reason why nations fail according to Adam Smith“
  4. “Adam Smith on the social cost of public debts“
  5. “Adam Smith’s new Utopia (and his epic smack-down of politicians)“
Unknown's avatar

About F. E. Guerra-Pujol

When I’m not blogging, I am a business law professor at the University of Central Florida.
This entry was posted in Uncategorized. Bookmark the permalink.

1 Response to The wisdom of Adam Smith: public debt edition

Leave a comment