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Adam Smith’s version of Virtue Ethics can be traced directly back to Plato (Socrates) and Aristotle. Smith basically skipped Aquinas and Augustine because they were also Catholic theologians, as well as philosophers. Referencing them would not have been looked upon kindly by the Scottish...
Persistent link: https://www.econbiz.de/10014115009
The economics profession has completely mixed up Adam Smith’s definition of self-interest, by which Smith means the absolute necessity of successfully applying the Virtue of Prudence, with Jeremy Bentham’s directly conflicting definition of self-interest, which is the Vice of Greed,...
Persistent link: https://www.econbiz.de/10014117908
Treatise on Probability and General Theory. Keynes favored using systems of simultaneous equations both in the A Treatise on … Probability and General Theory. A study of the student notes taken in the years from 1932 to 1935 alone will lead to the wrong …
Persistent link: https://www.econbiz.de/10012870871
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practiced successfully first. Economists, especially, have very great difficulty with Adam Smith's The Theory of Moral …
Persistent link: https://www.econbiz.de/10012923394
explicit attack on Adam Smith’s The Theory of Moral Sentiments and The Wealth of Nations on pages 8-23 in chapter Two of The … on the principle of utility alone and nothing else.Smith’s The Theory of Moral Sentiments is based on sympathy ,but not … antipathy. However, the major foundation for The Theory of Moral Sentiments is the virtue of prudence, since ,without prudence …
Persistent link: https://www.econbiz.de/10014101694