Here is my MRU video on precisely that topic. By the way, Brandon Dupont has done for us this excellent video on John Law.
Robert Skidelsky: >Austere Illusions: The doctrine of imposing present pain for future benefit has a long history – stretching all the way back to Adam Smith and his praise of “parsimony.” It is particularly vociferous in “hard times.”...Show More Summary
The detention facility at Guantanamo Bay was never a good idea. It is an even worse idea now. Let's start the process to close GTMO now.
You will find it here, at MRUniversity.com. We have recorded videos covering, annotating, and explaining every single chapter of Smith’s masterwork Wealth of Nations, along with some coverage of surrounding historical material. Having to explain a book “along the way” is a very interesting way to read, and I was surprised how much Wealth of [...]
Paul Krugman: Financial Repression | Fernando Duarte and Carlo Rosa: Are Stocks Cheap? A Review of the Evidence | Gavin Kennedy: Adam Smith's Lost Legacy: Keynes on Laissez-Faire | Brad DeLong: Notes on Carmen Reinhart and M. Belen Sbrancia: "The Liquidation of Government Debt" | Alan M. Show More Summary
UKIP claims that its tax policies are derived from Adam Smith. But what would the great man make of its anti-immigration policies? I suspect the answer is: not much. Now, immigration was not much of an issue in Smith's time...
Click here to view this media I'm not sure what else Rep. Adam Smith expected to hear from host Chris Wallace on Fox News Sunday this weekend, since his network has been in full fake Benghazi outrage mode ever since the attacks in Libya,...Show More Summary
It's clear that Rep. Adam Smith (D-WA) had an aggressive strategy for his appearance on "Fox News Sunday" for a segment on the emerging scandal and cover-up surrounding the alteration of talking points for Amb. Susan Rice the week after the deadly terror attacks on Sept. Show More Summary
Congressman Adam Smith said on Fox News Sunday that Republicans are more interested in creating scandal than finding out who was behind the Benghazi attacks: “There was no question this was a it terrorist attack. They didn’t deny it. I would much rather get into investigation of the groups that threatened the U.S., figure out [...]
Rep. Adam Smith (D-WA) tore into Fox News’ Chris Wallace and House Intelligence Committee Chairman Mike Rogers (R-MI) for obsessing over the talking points U.N. Ambassador Susan Rice used when talking to the media in the days following the attack in Benghazi, Libya rather than focusing on identifying the perpetrators of the killings. “I think [...]
Adam Smith's handling of theological ideas in his books is a good illustration of what Leo Strauss called "the art of secret writing." It also shows the importance of Darwinian science in fulfilling Smith's liberal understanding of social...Show More Summary
(May 6, 2013 12:28 PM, by David Henderson) Why the 13 colonies are a net loser for Great Britain: A great empire has been established for the sole purpose of raising up a nation of customers who should be obliged to buy from the shops of our different... (0 COMMENTS)
Capitalism's founder Adam Smith's "invisible hand" is indeed invisible to most of society. However, that invisible hand now belongs to big business, finance and government -- to whom it is very visible indeed.
“When the mind is employed about a variety of objects it is some how expanded and enlarged.” - Adam Smith, 1766
Adam Smith, the godfather of free-market thinking, once wrote this on the topic of regulating banks: [E]xertions of the natural liberty of a few individuals, which might endanger the security of the whole society, are, and ought to be, restrained by the laws of all governments, of the most free as well as of the most despotical. Show More Summary
Oil is a tricky thing. On the surface, it seems so simple. It’s a single commodity that’s extracted, refined, and sold. Much to the chagrin of Adam Smith, though, the price of oil rarely is based on simple supply and demand. It’s one of the most complex commodities in the world because of the economic and political implications it [...]
A & S v. Lancashire County Council  EWHC 851 (Fam) read judgment This was a costs application arising from an extremely important decision by Peter Jackson J in June 2012 (see Alasdair Henderson’s post here and read judgment) In that original judgment, Lancashire County Council were found to be in breach of Articles 8 (private life), 6 (fair [...]
Also, Adam Smith would be appalled.
Max has me stumped. I promised him an answer months ago, but I’ve come up with nothing of value, other than perhaps citing Adam Smith on alienation and the division of labor. I’ve felt guilty ever since and I suppose today is the day I fess up to having no good response at all. Here [...]
Adam Smith is famous for coining the phrase the “Invisible Hand” to suggest the collective transparent forces of a market that works together as a whole based on the self-interest of participating members. He only used the phrase a handful of times, but it’s a term we all associate with the famous theorist. Show More Summary