Business & Economics

Adam Smith in His Time and Ours

Adam Smith in His Time and Ours

Author: Jerry Z. Muller

Publisher: Princeton University Press

ISBN: 0691001618

Category: Business & Economics

Page: 292

View: 854

Counter to the popular impression that Adam Smith was a champion of selfishness and greed, Jerry Muller shows that the Inquiry into the Nature and Causes of the Wealth of Nations maintained that markets served to promote the well-being of the populace and that government must intervene to counteract the negative effects of the pursuit of self-interest. Smith's analysis went beyond economics to embrace a larger "civilizing project" designed to create a more decent society.
Business & Economics

Adam Smith’s America

Adam Smith’s America

Author: Glory M. Liu

Publisher: Princeton University Press

ISBN: 9780691203812

Category: Business & Economics

Page: 384

View: 573

The unlikely story of how Americans canonized Adam Smith as the patron saint of free markets Originally published in 1776, Adam Smith’s The Wealth of Nations was lauded by America’s founders as a landmark work of Enlightenment thinking about national wealth, statecraft, and moral virtue. Today, Smith is one of the most influential icons of economic thought in America. Glory Liu traces how generations of Americans have read, reinterpreted, and weaponized Smith’s ideas, revealing how his popular image as a champion of American-style capitalism and free markets is a historical invention. Drawing on a trove of illuminating archival materials, Liu tells the story of how an unassuming Scottish philosopher captured the American imagination and played a leading role in shaping American economic and political ideas. She shows how Smith became known as the father of political economy in the nineteenth century and was firmly associated with free trade, and how, in the aftermath of the Great Depression, the Chicago School of Economics transformed him into the preeminent theorist of self-interest and the miracle of free markets. Liu explores how a new generation of political theorists and public intellectuals has sought to recover Smith’s original intentions and restore his reputation as a moral philosopher. Charting the enduring fascination that this humble philosopher from Scotland has held for American readers over more than two centuries, Adam Smith’s America shows how Smith continues to be a vehicle for articulating perennial moral and political anxieties about modern capitalism.
Business & Economics

A Concise History of Economists' Assumptions about Markets: From Adam Smith to Joseph Schumpeter

A Concise History of Economists' Assumptions about Markets: From Adam Smith to Joseph Schumpeter

Author: Robert Edward Mitchell

Publisher: ABC-CLIO

ISBN: 9781440833106

Category: Business & Economics

Page: 180

View: 797

This open-minded, multidisciplinary approach challenges existing world views on the endogenous and exogenous forces that drive markets and economies. • Explores how economists described the forces that drive markets and economies, explains why these descriptions have changed over time, and identifies the impacts that historical events and the growth of the economics profession have had on these descriptions • Questions whether the mental models and economic assumptions initially proposed by Adam Smith should continue to be used • Examines not only historic events and the development of economic and socio-political theories but also addresses questions about the future of economics and other social sciences
Business & Economics

Work and Welfare

Work and Welfare

Author: Donald Stabile

Publisher: Greenwood Publishing Group

ISBN: 031329738X

Category: Business & Economics

Page: 224

View: 765

This interesting work presents a unique perspective on the history of economic thought by showing that classical economists from Adam Smith to Alfred Marshall had sympathy for workers - for example, the theory of the subsistence wage echoed the theological call for a just wage that existed in the middle ages. It also describes how these thinkers promoted either a set of social obligations or a form of social insurance to assist workers. These economic thinkers of the past argued that a subsistence standard of living was important to maintain and improve workers' efficiency and to raise healthy families. The notion that these writers had an undeveloped theory of social costs that they applied to labor should appeal to economists and others concerned with the plight of workers as the modern economy restructures itself.
History

Adam Smith

Adam Smith

Author: Craig Smith

Publisher: John Wiley & Sons

ISBN: 9781509518265

Category: History

Page: 240

View: 829

Almost everyone has heard of Adam Smith, founding father of modern economics and author of Wealth of Nations. There is, however, much more to him than this. This new introduction gives a crystal clear overview of the entirety of Smith’s thought. It demonstrates how Smith’s economic theories fit into a larger system of thought that encompasses moral philosophy, philosophy of science, legal and political theory, and aesthetics. Examining the central arguments of his major works, ranging from The Theory of Moral Sentiments to his lectures on jurisprudence and beyond, Smith’s thought is explained in its full intellectual and historical context. As the book unfolds, the long-standing caricature of Adam Smith as an uncritical defender of capitalism red in tooth and claw is systematically challenged, revealing a far more complex and nuanced figure whose rich legacy remains highly relevant today. Comprehensive yet concise, this book will be the leading introduction to Adam Smith’s ideas for generations of students, scholars and general readers, relevant to areas ranging from philosophy and the history of economic thought to political theory.
Business & Economics

The Adam Smith Review

The Adam Smith Review

Author: Vivienne Brown

Publisher: Routledge

ISBN: 9781134159574

Category: Business & Economics

Page: 321

View: 448

Adam Smith is well recognized as a forefather of modem economics but in recent years scholars have been exploring anew the multidisciplinary nature of his writings. The Adam Smith Review provides a unique forum for interdisciplinary debate on all aspects of Adam Smith’s works, his place in history, and the significance of his writings for the modem world. It is the only publication of its kind and is aimed at facilitating debate between scholars working across the humanities and social sciences, thus emulating the transdisciplinary reach of the Enlightenment world which Smith helped to shape. The second volume of this refereed series contains contributions from a multidisciplinary range of specialists, including Jean-Pierre Dupuy, Samuel Fleischacker, Charles Griswold, Elias Khalil, Catherine Labio, Brendan Long, James Otteson, Ian Simpson Ross, Roberto Scazzieri, Eric Schliesser and Jeffrey Young, who discuss such themes as: Adam Smith’s moral theory and the theory of choice Adam Smith and the literary turn the unfinished nature of Smith’s oeuvre the relation between Adam Smith’s moral philosophy and economics
Philosophy

Adam Smith

Adam Smith

Author: James R. Otteson

Publisher: Andrews UK Limited

ISBN: 9781845404284

Category: Philosophy

Page: 352

View: 994

Adam Smith (1723–90) studied under Francis Hutcheson at the University of Glasgow, befriended David Hume while lecturing on rhetoric and jurisprudence in Edinburgh, was elected Professor of Logic, Professor of Moral Philosophy, Vice-rector, and eventually Lord Rector of the University of Glasgow, and, along with Hutcheson, Hume, and a few others, went on to become one of the chief figures of the astonishing period of learning known as the Scottish Enlightenment. He is the author of two books: The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). TMS brought Smith considerable acclaim during his lifetime and was quickly considered one of the great works of moral theory. It deeply impressed Immanuel Kant, for example, who called Smith his 'Liebling' or 'favourite', and Charles Darwin, who in his Descent of Man (1871) endorsed and accepted several of Smith's 'striking' conclusions. TMS went through fully six revised editions during Smith's lifetime. Since the nineteenth century, Smith's fame has largely rested on his Wealth of Nations, which must be considered one of the most important works of the millennium: its argument for free trade, its explanation of the price mechanism and the division of labor, its qualified defense of market economies, and its powerful criticisms of mercantilist economic theories are now standard fare in economics courses, not to mention the basis of a large portion of today's worldwide economic policy. And its account of human nature is now classic. Both The Theory of Moral Sentiments and the Wealth of Nations reveal Smith's impressively broad learning, but he wrote and lectured on a number of other subjects as well. This anthology collects, for the first time in one volume, not only generous selections from each of Smith's books but also substantial selections from his other work, including his lectures on jurisprudence, his history and philosophy of science, his criticism and belles lettres, and his philosophy of language. It also includes two important letters from Hume, as well as Smith's account of Hume's death.
Business & Economics

Adam Smith and the Character of Virtue

Adam Smith and the Character of Virtue

Author: Ryan Patrick Hanley

Publisher: Cambridge University Press

ISBN: 9780521449298

Category: Business & Economics

Page: 243

View: 660

This book revisits the moral and political philosophy of Adam Smith to recover his understanding of morality in a market age.
Philosophy

Adam Smith and the Virtues of Enlightenment

Adam Smith and the Virtues of Enlightenment

Author: Charles L. Griswold, Jr

Publisher: Cambridge University Press

ISBN: 0521628911

Category: Philosophy

Page: 430

View: 922

Charles Griswold has written a comprehensive philosophical study of Smith's moral and political thought. Griswold sets Smith's work in the context of the Enlightenment and relates it to current discussions in moral and political philosophy. Smith's appropriation as well as criticism of ancient philosophy, and his carefully balanced defence of a liberal and humane moral and political outlook, are also explored. This 1999 book is a major philosophical and historical reassessment of a key figure in the Enlightenment that will be of particular interest to philosophers and political and legal theorists, as well as historians of ideas, rhetoric, and political economy.
Business & Economics

The Adam Smith Review: Volume 3

The Adam Smith Review: Volume 3

Author: Vivienne Brown

Publisher: Routledge

ISBN: 9781134060092

Category: Business & Economics

Page: 264

View: 373

Adam Smith‘s contribution to economics is well-recognised but in recent years scholars have been exploring anew the multidisciplinary nature of his works. The Adam Smith Adam Smith‘s contribution to economics is well-recognized but in recent years scholars have been exploring anew the multidisciplinary nature of his works. The Adam Smith Review pro
Philosophy

Adam Smith's Pluralism

Adam Smith's Pluralism

Author: Jack Russell Weinstein

Publisher: Yale University Press

ISBN: 9780300163759

Category: Philosophy

Page: 429

View: 815

In this thought-provoking study, Jack Russell Weinstein suggests the foundations of liberalism can be found in the writings of Adam Smith (1723-1790), a pioneer of modern economic theory and a major figure in the Scottish Enlightenment. While offering an interpretive methodology for approaching Smith's two major works, "The Theory of Moral Sentiments "and "The Wealth of Nations," Weinstein argues against the libertarian interpretation of Smith, emphasizing his philosophies of education and rationality. Weinstein also demonstrates that Smith should be recognized for a prescient theory of pluralism that prefigures current theories of cultural diversity.
Business & Economics

Adam Smith's Lost Legacy

Adam Smith's Lost Legacy

Author: G. Kennedy

Publisher: Springer

ISBN: 9780230511194

Category: Business & Economics

Page: 285

View: 546

In this accessible book, Gavin Kennedy takes a fresh look at Adam Smith's moral philosophy and its links to his political economy and his lectures on Jurisprudence. The book provides a new analysis of Wealth of Nations , and argues that Adam Smith's intellectual legacy was completely transformed in the Nineteenth and Twentieth centuries by economists pursuing different agendas, to create ideas and policies that Smith did not advocate. It also provides a new explanation for the main mysteries about Smith's later life.