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
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
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...
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...
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
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
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
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....
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
The title of “Trespass Against Us,” Adam Smith’s sloppily energetic debut feature, is both a reference to the Lord’s Prayer and a warning to those who would dare cross the Cutlers, a makeshift family of Irish travelers. The clan’s grizzled old patriarch, Colby (Brendan Gleeson), is one of those...
by Heidi Groover But Smith told The Stranger he doesn't consider it a boycott. office of rep. adam smith Like newly elected Democratic Congresswoman Pramila Jayapal, Seattle Congressman Adam Smith won't be attending Donald Trump's inauguration...Show More Summary
It has been conservative orthodoxy for decades that free trade enriches nations and improves standards of living. Ever since Adam Smith published The Wealth of Nations in 1776, it has widely been accepted in free societies that free trade is essential to personal liberty. Show More Summary
By Kira M. Newman, Tom Jacobs, Mariah Flynn, Summer Allen, Jill Suttie, Jason Marsh, Jeremy Adam Smith, Emiliana R. Simon-Thomas At the start of 2016, Barbara Ehrenreich published an essay in The New York Times that took aim at the science of gratitude, criticizing it for focusing solely on benefits to oneself rather than to others. Show More Summary
(John Hinderaker) Adam Smith said that there is a lot of ruin in a country, but he didn’t know the half of it. The slow, agonizing descent of once-wealthy Venezuela into a Hobbesian state of nature has been painful to watch, even from afar. Show More Summary
Temples, the English four-piece consisting of James Bagshaw (vocals, guitar), Tom Walmsley (bass, backing vocals), Sam Toms (drums) and Adam Smith (keys), will release their new album, Volcano, on March 3rd via Fat Possum. They’ve announced...Show More Summary
A skating rink is just one example of how spontaneous order is more effective than central control for organizational purposes. John Stossel writes: Unfortunately, economic freedom can be hard to demonstrate. Adam Smith's "invisible hand" is, well, invisible. Show More Summary
Adam Smith is commonly referred to as the father of modern economics and capitalism--the man who coined the phrase 'invisible hand' and whose coattails most captains of industry and finance grab for support when confronting criticisms...Show More Summary
Like many Democrats on Capitol Hill, Washington state Rep. Adam Smith is trying to decide whether to back retired Marine Gen. James “Mad Dog” Mattis as the next U.S. secretary … Click to Continue »
by Dave Segal Zen Mother's Monika Khot and Adam Smith: not just knee deep... Emily Eddy One of Seattle's most interesting groups, experimental-rock unit Zen Mother—featuring the core duo Monika Khot and Adam Wolcott Smith—played live on KEXP's Audioasis program with Sharlese Metcalf on October 26; you can now view the set below. Show More Summary
by Ana Sofia Knauf The face of "Are you fucking kidding me?" Courtesy of Adam Smith's Office Earlier today, President-elect Donald Trump nominated Senator Jeff Sessions (R-Ala.) to be the United States Attorney General, which oversees the Department of Justice. Show More Summary