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One’s ideological views – that is, the pattern of positions one tends to take on important public-policy issues – run deep and change little. Inevitably they involve commitments and judgments about the most important things. Just as we value disclosure of vested interests, we value...
Persistent link: https://www.econbiz.de/10014177044
We explore the conjecture, first hinted at by Peter Minowitz, that Smith deliberately placed his central idea, as represented by the phrase “led by an invisible hand,” at the physical center of his masterworks. The four most significant points developed are as follows: (1) The physical...
Persistent link: https://www.econbiz.de/10014202085
In this very casual paper, I reproduce results from the Google Ngram Viewer. The main thrust is to show that around 1880 governmentalization of society and culture began to set in — a great transformation, as Karl Polanyi called it. But that great transformation came as a reaction to...
Persistent link: https://www.econbiz.de/10014158624
Adam Smith infused the expression “impartial spectator” with a plexus of related meanings, one of which is a super-being, which normally would aptly take the definite article the, and which bears parallels to monotheistic ideas of God. As for any genuine, identified, human spectator of an...
Persistent link: https://www.econbiz.de/10014115463
Karl Mittermaier (1938-2016) was a classical liberal economist at the University of Witwatersrand in Johannesburg. He completed a work in 1986 titled The Hand Behind the Invisible Hand: Dogmatic and Pragmatic Views on Free Markets and the State of Economic Theory, being published in 2020 for the...
Persistent link: https://www.econbiz.de/10014104618
These brief, casual remarks were delivered at an event to discuss Russell Roberts’s book How Adam Smith Can Change Your Life. I provide nine quotations from Adam Smith’s The Theory of Moral Sentiments, each quotation stating a source of vice, disorder, and corruption in human life. Smith...
Persistent link: https://www.econbiz.de/10014138789
This article is part of a symposium (in Society) on a target article by Amitai Etzioni. Using that article as a point of departure, I take the opportunity to elaborate a reading of Adam Smith's moral philosophy that sees it as quite non-foundationalist. Whereas foundationalism's metaphor is a...
Persistent link: https://www.econbiz.de/10012997701
Scholars distinguish between gratitude, which involves not only appreciation of benefit but a positive feeling directed to the benefactor, from gratefulness, which does not necessarily involve any benefactor, much less a feeling toward one (‘I am grateful for the warm sunshine.’). I suggest...
Persistent link: https://www.econbiz.de/10013220757
A group of scholars, including myself, have elaborated a tri-layered understanding of justice in Adam Smith (commutative, distributive, and estimative). Here I go beyond the matter of Smith’s understanding of justice, to ask: How did he discourse about justice? Does he instruct us in the...
Persistent link: https://www.econbiz.de/10013222261
This paper explores concepts under a rubric termed “jural,” the meaning of which is differentiated from “legal.” Within the conceptualization of the modern nation-state, there are two categories of jural relationships. In the first, both parties have equal jural standing (equal-equal),...
Persistent link: https://www.econbiz.de/10013225756