Project Syndicate
June 18, 2026
HKS Authors
See citation below for complete author information.
James W. Harpel Professor of Capital Formation and Growth
Abstract
In 1776, Adam Smith and America’s founders envisioned an economy that allowed individuals to pursue their own material well-being, with minimal government intervention. Today, America’s Republican Party claims to be committed to restoring that laissez-faire ideal, even as they make a mockery of its animating principles.
Citation
Frankel, Jeffrey. "The Meaning of Limited Government—Then and Now." Project Syndicate, June 18, 2026.