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Rather than change, even repress, human nature to accord with an abstract bundle of values, market economies accept the propensities of humankind and are attentive to their character. They recognize and value its inclinations; not only human reason but the full panoply of individual aspirations and needs.3 Thus, for Smith, markets give full expression to individual, economic liberty.
This combination of analytical and normative arguments provides Smith with conceptual resources for an implicit theory of social integration based on strategic interaction amongst selfinterested persons. Not just the economy but the larger social order is reproduced by unplanned behavior and processes, rather than by design...
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