Sydney Chapman was another of Alfred Marshall's star pupils. He was awarded the Adam Smith Prize in 1900. Pigou won it three years later. In 1909 it went to John Maynard Keynes. Chapman wrote a three-volume "continuation of Lord Brassey's 'Work and wages' and 'Foreign work and English wages'" also titled Work and Wages. Show More Summary
Adam Smith explains.
“Self-command is not only itself a great virtue, but from it all the other virtues seem to derive their principal lustre.” –Adam Smith, The Theory of Moral Sentiments Agree, disagree? I was trying to figure out what Smith means, exactly, and I think it’s this: when we consider the possessions of virtues, without self-command, they shrink. Show More Summary
According to free market think-tank the Adam Smith Institute (ASI) if Scotland goes independent it would have to continue to use the pound unofficially and without the permission of the Bank of England (BoE). As the Westminster parties...Show More Summary
Fascinating: For thirty years the official story of general equilibrium went like this: Kenneth Arrow and Gerard Debreu, working independently at first, then joining forces, proved that Adam Smith was right, and the rest is history.... It was some time in the 1970s that [E. Roy] Weintraub first became aware...
For both David Hume and Adam Smith, sympathy or "fellow-feeling with any passion whatever" is the psychological ground of our moral experience. From his reading of Hume and Smith, Charles Darwin adopted this idea of sympathy in explaining...Show More Summary
On the Web: How Bitcoin Went Legit - Management Today (UK) - "Charlotte Bowyer, head of digital policy at think tank the Adam Smith Institute, says the signs are there that the Bitcoin community is beginning to get serious about professionalising...Show More Summary
[Over at Equitable Growth:] One way to conceptualize it all is to think of it as the shape of a river: The first current is the [Adam Smith] current, which makes the classical liberal bid: Smith claims that the system of natural...Show More Summary
THE ECONOMICS OF JANE AUSTEN: Austen was a year old when the modern science of economics was invented. Adam Smith, Jane’s neighbor to the north in Scotland, published An Inquiry into the Nature and Causes of the Wealth of Nations, commonly known today by its pithier final four words. Its most famous line is the [...]
In her fiction, the 18th-century novelist wrestled with the same question that preoccupied Adam Smith: Does the pursuit of wealth diminish a person's moral integrity?
By Samuel Rae: For the last year and a half, this author has been keeping a close eye on Pershing Gold (OTCQB:PGLC). I first wrote about the company in an article titled Adam Smith's Take on the Future of Gold Mining; an article that...Show More Summary
The subtitle is An Unexpected Guide to Human Nature and Happiness, and the author is Russ Roberts. The focus is on Adam Smith’s Theory of Moral Sentiments and why that is an important book. This is Russ’s best book in my opinion, so you should consider buying it here. My favorite section is the discussion […]
Office of the Congressman Congressman Adam Smith, admitted bald guy. Pastor Don Rivers is running for Congress (again), and he's determined to swing like crazy—like, really crazy—at incumbent congressman Adam Smith. For example, when...Show More Summary
(July 10, 2014 10:34 AM, by David Henderson) Or, you could call this post "Adam Smith on the Tragedy of the Commons" I'm reading a section of Adam Smith's The Wealth of Nations for a conference on The East India Company. I've never read Smith's book all the... (0 COMMENTS)
Brad DeLong quotes Adam Smith: Adam Smith as Malthusian: “The Surplus Population”, by Brad DeLong:...Adam Smith: Smith: Wealth of Nations, Book I, Chapter 8: “Is this improvement in the circumstances of the lower ranks of the people… …to be...
Notice of: How Adam Smith Can Change Your Life: An Unexpected Guide to Human Nature and Happiness By Russ Roberts, now available for pre-order.
Note that when Adam Smith says "seems at first sight", he is not signaling that he is about engaging in pointless contrarianism and about to reverse field and explain that a prosperous working class is an inconvenience rather than an advantage to society. Show More Summary
That is a new website from Daniel Klein and the Adam Smith Institute, “A review of the changes 1880-1940 to the central semantics of liberal civilization.”
Adam Smith, the father of modern capitalism, famously wrote: "The disposition to admire, and almost to worship, the rich and the powerful, and to despise, or, at least, to neglect persons of poor and mean condition is the great and most...Show More Summary
Adam Smith: Smith: Wealth of Nations, Book I, Chapter 8: "The liberal reward of labour... >...as it encourages the propagation, so it increases the industry of the common people.... A plentiful subsistence increases the bodily strength...Show More Summary