assessment of the then new concept of Pareto optimality, together with his reinterpretation and rejection of Ricardo's (1821 …

How should we interpret what Adam Smith said about self-love in book 1, chapter 2 of The Wealth of Nations (WN 1776 …)? Smith's explanation of the role of self-love in motivating parties to exchange has been widely misunderstood. Understanding … must be read as a whole and in light of Smith's idea of sympathy from the Theory of Moral Sentiments (TMS 1759) to get the …

This paper explores the foundations of Adam Smith's view that the philosopher is the same as the street porter. Despite … their innate similarity, Smith recognized that the role of the philosopher, someone who provides useful instruction to … that he is better than those he studies and to regard himself as independent from their concerns. Instead, Smith locates …

unplanned outcomes, is close to the concept of economics that Adam Smith presents, a concept which was not shaped by strict … discipline barriers. I show that Adam Smith analyzes the nature and causes of the wealth of nations by analyzing the interaction … of the economy with politics, ethics, and the law. In particular, Smith presents each of these systems as a network of …

In this essay I consider the relationship between wealth and happiness in Adam Smith by a close reading of a famous … section of The Theory of Moral Sentiments (TMS IV.i.8-10). I interpret Smith as presenting an open-ended dialectic between the … dialectic Smith places some important social-scientific analysis, which he uses to stimulate reflection and synthesis. Upon …

Adam Smith's Wealth of Nations is the most influential work in economics ever written. But it is neither complete nor … perfect. Smith's theory of the firm, or the lack thereof, is one of the masterpiece's blind spots. Smith thought history had … made Smith so pessimistic about the joint stock company? Why did his pessimism turn out to be wrong? This paper is the …

question throughout the late nineteenth and early twentieth century. Adam Smith had left behind an ambiguous legacy on the …, Smith had proposed both a scheme for the gradual devolution of the British empire and a theoretical scheme for imperial …, at the turn of the century many advocates for imperial federation also turned to Smith for their intellectual inspiration …

‘invisible hand', a metaphor that Adam Smith used just once in each of his major works. There has been a debate as to whether … Smith himself attached any importance to this metaphor. I do not deal with this issue directly. Instead, I ask another … question that seems to me more relevant and interesting: Did Smith have a logical argument, call it a ‘proof' if you will, as …