Although largely absent from modern accounts of the Industrial Revolution, watches were the first mass produced consumer durable, and were Adam Smith's pre-eminent example of technological progress. In fact, Smith makes the notable claim that watch prices may have fallen by up to 95 per cent...

Der Autor beschreibt verständlich Leben und Karriere, Werk und Wirkung eines wichtigen Ökonomen (1723-1790), dessen Arbeit für die Wirtschaftswissenschaften immer noch als unverzichtbar erscheint. Rezension (ekz): Mittlerweile 5. Band der Reihe über grosse Ökonomen. Zeichnet sich wie seine...

"Ever since the time of his early interpreters, beginning with David Hume, Adam Smith's theory of value has been the subject of confusion and misunderstanding - including a controversy which still rages over whether Smith held a labour theory of value, and, if so, whether he held to it...