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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
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
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This piece is a review of Dennis C. Rasmussen's book, The Problems and Promise of Commercial Society: Adam Smith's Response to Rousseau (2008). The book superbly explains Rousseau's criticisms of commercial society and Smith's concern with and response to those criticisms. Rasmussen helps us...
Persistent link: https://www.econbiz.de/10013008430
Martin Pánek asked me to write a Foreword to a new edition of a Czech translation of Adam Smith’s The Theory of Moral Sentiments. He gave me permission to post my original English-language text here. The book will be published by the Liberální Institut, edited by Pavel Chalupníček,...
Persistent link: https://www.econbiz.de/10014244415
In academia most economists practice technical crafts. Academic incentives strongly favor such crafts, and economists pursue academic rewards, perhaps with a faith in the applicability of "the invisible hand" to their own "industry." But the crafts are mostly irrelevant to policy issues and...
Persistent link: https://www.econbiz.de/10014073931