Neoclassical economists of the current era frequently pay lip service to Adam Smith's theories to certify the validity of natural-laws-based, laissez-faire policies. However, neoclassical theories are fundamentally disconnected from Adam Smith's notion of value, his understanding of the economic...

Hirschman was both a pioneer and a dissenter of development economics. He shares with the high theory the virtues and misfortunes of committing to modernize the underdeveloped world, but his exposure to the politics of development in Latin America gave new life to his early insights. Revealing...

John Rae has recently been rediscovered as a precursor of the endogenous growth theory. This study argues that Rae needs to be rediscovered a second time for his original contribution to clarify the role of the innovation and technical change within the economic systems. The aim of this paper is...

Aspects of Zen most readily evaluated by psychology are explored. The purpose is to stimulate research on lifestyle components of Zen and explain Zen happiness (ZH) in ways that may be tested. The conclusions of research on savoring, gratitude, exercise, social support, compassion/altruism,...

Spanish Abstract: ¿Hasta qué punto debe llegar la libertad individual? John Stuart Mill, defensor de este valor, sostuvo que no se podía ser libre para no ser libre y postuló como caso extremo el ejemplo de alguien que se vende voluntariamente como esclavo. Ese ejemplo ha generado un vivo...

This essay seeks to trace the many—and often conflicting—economic ideological interpretations of the transatlantic abolitionist impulse. In particular, it explores the contested relationship between free-trade ideology and transatlantic abolitionism, and highlights the understudied influence...

This article examines how The wealth of nations (1776) was transformed into an amorphous text regarding the imperial question throughout the late nineteenth and early twentieth century. Adam Smith had left behind an ambiguous legacy on the subject of empire: a legacy that left long-term effects...

The present study raises the following questions: To what extent is axiomatic general equilibrium analysis a rational reconstruction of Scottish Political Economy as defined by the writings of David Hume and Adam Smith? How much is gained and how much lost by the axiomatic transformation of the...

Adam Smith is revered as the father of modern economics. Analysis of his writings, however, reveals a profoundly medieval outlook. Smith is preoccupied with the need to preserve order in society. His scientific methodology emphasises reconciliation with the world we live in rather than...