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A couple of things to try to wrap your head around

From the Moment of Happiness Daily Quotation: “Nothing is more graceful than habitual cheerfulness, which is always founded upon a peculiar relish for all the little pleasures which common occurrences afford.” -- Adam Smith, The Theory of Moral Sentiments All of the little pleasures... for example, I think I...

Chelsea set to rival Tottenham for Premier League ace this summer

Big fans Chelsea are keen on landing Bournemouth right back Adam Smith if reports are to be believed, as they think the player could slot in their defence with the system Antonio Conte uses. They won’t find it easy to land the 26-year-old however, as he is also sought after by rivals Tottenham Hotspur, who […]

International panhandling and vocabularies of motive

Flashback Friday. Adam Smith observed in his Lectures on Jurisprudence (1762) — a series of talks that he gave at the University of Glasgow — that national character plays a significant role in economic transactions: the Dutch, he said, are “more faithful to their word” and better at “performing agreements” than the English, and the […]

Adam Smith's pins

(April 23, 2017 07:02 AM, by Alberto Mingardi) Any book is the child of its own times, rather obviously. This means that sometimes parts of even great books do not necessarily age well. Examples the author uses to make his case may appear rather obvious to the contemporary... (0 COMMENTS)

Rep. Smith: Assad is no longer a legitimate leader

Rep. Adam Smith, D-Wash., and Robert Ford, former Ambassador to Syria, discuss the aftermath of President Trump’s military strike on Syria.

New Video Shows the Simple Recipe for Poor Nations to Become Rich Nations--in Spite of Bad Advice from International Bureaucracies

The recipe for growth and prosperity isn’t very complicated. Adam Smith provided a very simple formula back in the 1700s. For folks who prefer a more quantitative approach, Economic Freedom of the World uses dozens of variables to rank...Show More Summary

John Terry’s classy gift & message to Jack Wilshere

Bournemouth 1 – Chelsea 3 Chelsea’s march towards the Premier League title continued on Saturday as they overcame a tricky fixture away at Bournemouth. An own goal from Adam Smith put the Blues ahead, before Eden Hazard continued his excellent recents coring run to double the advantage. Josh King pulled the Cherries into the game […]

Chevron Corp., Private Prison Corporation Give Money to Super-PAC Running Islamophobic Ad Against Jon Ossoff

Good catch by Adam Smith. More here on the ad tying the Democratic candidate in the GA special election to Osama bin Laden. … Continue reading ?

Yes, academics tend to be left wing – but let's not exaggerate it

The accusation that that academia is disproportionately left-wing and liberal is not a new one. Nor is the main thrust of the claim, in a report by the Adam Smith Institute, contentious. Many accept that academics tend towards the left, even if we cannot be sure of precise levels of inclination or whether the tendency is on the rise. Show More Summary

While Trump promotes military buildup, some look at another round of base closings

At the same time that President Donald Trump is pushing a plan to increase defense spending by 10 percent, Washington state Rep. Adam Smith says it’s time to save money … Click to Continue »

Oops! The Economy Is Like A Self-Driving Car

Submitted by Gail Tverberg via Our Finite World blog, Back in 1776, Adam Smith talked about the “invisible hand” of the economy. Investopedia explains how the invisible hand works as, “In a free market economy, self-interested individuals...Show More Summary

Why Noah Webster preferred Americans

It is very much a twist on Adam Smith’s argument about the division of labor: One further remark however, which I cannot omit, is that the people in America are necessitated, by their local situation, to be more sensible and discerning, than nations which are limited in territory and confined to the arts of manufacture. Show More Summary

Current Links

Most-Recent Should-Reads: Tim Duy: _[Fed's Bullard Knows His Treasury Yield Curve][]_: "Having tipped their toes in the water with two interest-rate hikes... Morgan Kelly and Cormac Ó Gráda (2016): _[Adam Smith, Watch Prices, and the Industrial Revolution][]_: "Watches were the first mass-produced consumer durable... Anton Cheremukhin et...

Reading: Morgan Kelly and Cormac Ó Gráda (2016): Adam Smith, Watch Prices, and the Industrial Revolution

Morgan Kelly and Cormac Ó Gráda (2016): _[Adam Smith, Watch Prices, and the Industrial Revolution][]_ Six Questions: 1. What do Kelly and Ó Gráda mean by a "middle class consumer durable"? 2. How large a cumulative real price decline is 1.3%/year on average over 160 years? 3. How do we...

Morning Digest: Rick Scott searches for another wealthy Republican to succeed him in Florida

3 months agoUS Politics / Liberal : Daily Kos

Leading Off ? FL-Gov: The Tampa Bay Times recently speculated that termed-out GOP Gov. Rick Scott may try to recruit a wealthy political outsider to succeed him in 2018, and Adam Smith takes a look at why the governor is unhappy with the developing Republican field. Show More Summary

The Case for Pessimism

After President Barack Obama took office eight years ago, conservatives were reminded that, to quote Adam Smith, there is a great deal of ruin in a nation. The right-wing depiction of Obama’s America was fantastically apocalyptic, but often drew upon truths. Show More Summary

Watercooler 01/26/17; Open Thread; Surprise Minimum Wage Kills Jobs Again; ABC Admits To Creating Fake News; CBC Hires Fake Racists

Even In San Francisco Adam Smith Gets The Last Laugh The SF Bay area terminally hip, filled with young people who think the stove is airtight storage cabinet and who would be hard pressed to boil water without a microwave. The number...Show More Summary

Reading: David Landes (2006): Why Europe and the West? Why Not China?

David Landes (2006): [Why Europe and the West? Why Not China?][] As you read, note: Adam Smith laid out what went wrong as the background for his picture of how things can go right, while Landes is as interested in the roots of relative--and absolute--economic failure as of success....

Trespass Against Us

Though many bad movies are simply depressing, Adam Smith’s “Trespass Against Us” is so exceptionally bad that it at least has this bright sidelight: Unless 2017 turns into a truly disastrous time for movies, it may be the worst of the year is already here. Show More Summary

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