The governments of American states often attempt to incentivize businesses to locate within their borders by offering targeted benefits to particular industries and companies. These benefits come in many forms, including business tax credits for investments, property tax abatements, and...

This is a preliminary draft of the first of what will be eight chapters in a book titled Politics as a Peculiar Business: Public Choice in a System of Entangled Political Economy. This chapter explores some issues regarding the scholarly location of what is often described as the Virginia...

Adam Smith infused the expression “impartial spectator” with a plexus of related meanings, one of which is a super-being, which normally would aptly take the definite article the, and which bears parallels to monotheistic ideas of God. As for any genuine, identified, human spectator of an...

These brief, casual remarks were delivered at an event to discuss Russell Roberts’s book How Adam Smith Can Change Your Life. I provide nine quotations from Adam Smith’s The Theory of Moral Sentiments, each quotation stating a source of vice, disorder, and corruption in human life. Smith...

This article is part of a symposium (in Society) on a target article by Amitai Etzioni. Using that article as a point of departure, I take the opportunity to elaborate a reading of Adam Smith's moral philosophy that sees it as quite non-foundationalist. Whereas foundationalism's metaphor is a...

Scholars distinguish between gratitude, which involves not only appreciation of benefit but a positive feeling directed to the benefactor, from gratefulness, which does not necessarily involve any benefactor, much less a feeling toward one (‘I am grateful for the warm sunshine.’). I suggest...

A group of scholars, including myself, have elaborated a tri-layered understanding of justice in Adam Smith (commutative, distributive, and estimative). Here I go beyond the matter of Smith’s understanding of justice, to ask: How did he discourse about justice? Does he instruct us in the...

This paper explores concepts under a rubric termed “jural,” the meaning of which is differentiated from “legal.” Within the conceptualization of the modern nation-state, there are two categories of jural relationships. In the first, both parties have equal jural standing (equal-equal),...

In Theory of Moral Sentiments, Adam Smith reasons about how a change in one thing, A, is attended by a change in another thing, B. In expounding on such bivariate relationships, Smith sometimes seems to go out of his way to posit a state of the world in which the relationship would break down....

This essay treats entangled political economy within the history of political economy. It explains that entangled political economy is not so much a new development in economics as it is a revisitation of some old themes that were swept aside in the conversion of political economy into economics...