This note pretends that because of an error going back at least to Léon Say (1877) and repeated by Schumpeter and contemporary authors, the priority of the 1766 "Reflexions..." of A.R.J. Turgot on the distinction between the capitalist and the entrepreneur is neglected. Some fifty years before...

After facing disappearance during the thirties, under the well known attack by Lionel Robbins and other economists, theoretical welfare economics seems to be more and more in use in spite of still shaky foundations. The concept of surplus, the measurement of preferences and the economic welfare...

After a review of current assessments of Smithian economics, the author stresses the interest of the entire system at historical, sociological and ethical levels. The renewed interest in Smith comes from his ethical positions rather than from his skills as an economic analyst. The solution to...