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assessment of the then new concept of Pareto optimality, together with his reinterpretation and rejection of Ricardo's (1821 …
Persistent link: https://www.econbiz.de/10011865125
In this paper the view of humankind and nature upon which the thinking of Malthus is founded will be reflected on and contrasted with the opposed understanding of his contemporary Wordsworth. We show that the economic considerations of both are based decidedly on the premise of these views, and...
Persistent link: https://www.econbiz.de/10003245576
In this paper the view of humankind and nature upon which the thinking of Malthus is founded will be reflected on and contrasted with the opposed understanding of his contemporary Wordsworth. We show that the economic considerations of both are based decidedly on the premise of these views, and...
Persistent link: https://www.econbiz.de/10011422113
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 …
Persistent link: https://www.econbiz.de/10014053264
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 …
Persistent link: https://www.econbiz.de/10014223299
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 …
Persistent link: https://www.econbiz.de/10014156285
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 …
Persistent link: https://www.econbiz.de/10014110721
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 …
Persistent link: https://www.econbiz.de/10013000508
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 …
Persistent link: https://www.econbiz.de/10012946175
‘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 …
Persistent link: https://www.econbiz.de/10013036337