narrowed some of the ideas contained especially in the works of Adam Smith and less so in the works of David Ricardo and Karl …

Adam Smith completely rejected Utilitarianism in any form in his lifetime in his two major books, the Theory of Moral … Sentiments (1759) and The Wealth of Nations (1776). This paper will examine the basis for Smith’s rejection of Utilitarianism in … (1759) leads to a clear cut rejection of Utilitarianism in that book and need not be reconsidered in this paper. Smith …

Adam Smith was the first economist, philosopher or mathematician in history to give a clear and specific definition of …. The term uncertainty for Smith, as it was for Keynes with his weight of the evidence variable, w, refers to … Institutionalist schools of economics. Smith also was the first to recognize that uncertainty comes in different degrees or gradations …