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On Adam Smith's Ambiguities on Value and Wealth
Meacci, Ferdinando - In: History of Political Economy 44 (2012) 4, pp. 663-689
David Ricardo’s criticisms of Adam Smith on value and wealth have been rather ignored in the recent revival of … Ricardian economics. This essay intends to fill the gap by revisiting Smith’s link between value and wealth in the light of … section is to dissolve Smith’s terminological inaccuracies or contradictions on the issue of value and wealth. This is done by …
Persistent link: https://www.econbiz.de/10010598483
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Mirror neuron research and Adam Smith’s concept of sympathy: Three points of correspondence
Kiesling, L. - In: The Review of Austrian Economics 25 (2012) 4, pp. 299-313
In The Theory of Moral Sentiments, Adam Smith asserts that humans have an innate interest in the fortunes of other people and desire for sympathy with others. In Smith’s theory, sympathy is an imperfectly reflected combination of emotion and judgment when one observes someone (the agent) in a...
Persistent link: https://www.econbiz.de/10010987911
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Shared Value and the Impartial Spectator Test
Szmigin, Isabelle; Rutherford, Robert - In: Journal of Business Ethics 114 (2013) 1, pp. 171-182
Growing inequality and its implications for democratic polity suggest that corporate social responsibility (CSR) has not proved itself in twenty-first century business, largely as it lacks clear criteria of demarcation for businesses to follow. Today the problem is viewed by many commentators as...
Persistent link: https://www.econbiz.de/10010989874
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CSR and Stakeholder Theory: A Tale of Adam Smith
Brown, Jill; Forster, William - In: Journal of Business Ethics 112 (2013) 2, pp. 301-312
This article leverages insights from the body of Adam Smith’s work, including two lesser-known manuscripts—the Theory of Moral Sentiments and Lectures in Jurisprudence—to help answer the question as to how companies should morally prioritize corporate social responsibility (CSR)...
Persistent link: https://www.econbiz.de/10010990043
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Friedrich List versus Adam Smith in the Context of Modern Foreign Trade Policy of Ukraine
Makukha Svetlana N. - In: Business Inform (2013) 2, pp. 6-10
The article analyses two opposite theories of foreign trade policy: of an advocate of free trade Adam Smith and of a German economist Friedrich List who insisted on a necessity to apply protectionism under certain conditions. It is proved that the methodology applied by F. List in the study of...
Persistent link: https://www.econbiz.de/10010855170
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Do economists need virtues?
Lipka, David - International Centre for Economic Research (ICER) - 2014
In many works Deirdre McCloskey criticizes professional economics for ignoring virtues. Even though I disagree with details of her analysis I concur with her general conclusions. In the paper I sketch my own perspective on how economists could profit from the virtue discourse as developed by...
Persistent link: https://www.econbiz.de/10010941787
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The Max U Approach: Prudence-only, or Not Even Prudence? A Smithian Perspective
Lipka, David - International Centre for Economic Research (ICER) - 2012
McCloskey criticizes Samuelsonian economists for representing human beings in their models by a character she dubs Max U. Max U, she argues, lacks all virtues except for Prudence. The paper explores whether the identity between Max U and Prudence is tenable and whether Samuelsonian economics can...
Persistent link: https://www.econbiz.de/10010941790
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La noción de racionalidad en Amartya Sen y su relación con el pensamiento de Adam Smith
Pico, Augusto Alean - In: REVISTA CIFE (2011)
La teoría de la elección racional (TER), es insuficiente como explicación del comportamiento económico, incluso en su versión extendida (Becker). La TER se fundamenta en la maximización del interés-propio como criterio de elección y atribuye su origen al pensamiento de Adam Smith....
Persistent link: https://www.econbiz.de/10010945907
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Lecciones olvidadas de tres economistas difuntos
Barbé, Lluís - In: Cuadernos de Economía - Spanish Journal of Economics … 36 (2013) 100, pp. 1-4
En este trabajo el autor se lamenta de la importancia cada vez menor que se otorga a la historia del pensamiento económico en la comunidad académica mundial, defiende que esta recesión está dando lugar a visiones unidimensionales de la obra de los principales autores en economía y afirma...
Persistent link: https://www.econbiz.de/10010929558
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ADAM SMITH. HOLOGRAMA RETROSPECTIVO DEL PENSAMIENTO ECONÓMICO
Idana Beroska Rincón S.; Yarzagaray, Oscar Torres - In: Tlatemoani (2013) 14
Smith realiza el primer intento por diferenciar la economía de la ciencia política, la ética y la jurisprudencia. Supone el primer apoyo conceptual crítico a la corriente mercantilista imperante desde el siglo XV y más tendente al comercio de las colonias, que a la naciente revolución...
Persistent link: https://www.econbiz.de/10011212628