Adam Smith (adam + smith)

Distribution by Scientific Domains


Selected Abstracts


ADAM SMITH ON EDUCATION

ECONOMIC AFFAIRS, Issue 2 2005
James Stanfield
No abstract is available for this article. [source]


ADAM SMITH AND THE POSSIBILITY OF SYMPATHY WITH NATURE

PACIFIC PHILOSOPHICAL QUARTERLY, Issue 4 2006
PATRICK R. FRIERSON
However, Smith's "all important emotion of sympathy" (Callicott, 2001, p. 209) seems incapable of extension to entities that lack emotions with which one can sympathize. Drawing on the distinctive account of sympathy developed in Smith's Theory of Moral Sentiments, as well as his account of anthropomorphizing nature in "History of Astronomy and Physics," I show that sympathy with non-sentient nature is possible within a Smithian ethics. This provides the possibility of extending sympathy, and thereby benevolence and justice, to nature. [source]


Presidential Address Agricultural Subsidies: Measurement and Use in Policy Evaluation

JOURNAL OF AGRICULTURAL ECONOMICS, Issue 2 2003
Wilfrid Legg
"There is no art which one government sooner learns of another than that of draining money from the pockets of the people.' (Adam Smith, The Wealth of Nations, 1776) [source]


From Adam Swift to Adam Smith: How the ,Invisible Hand' Overcomes Middle Class Hypocrisy

JOURNAL OF PHILOSOPHY OF EDUCATION, Issue 4 2007
JAMES TOOLEY
This paper challenges Richard Pring's suggestion that parents using private education may be undermining the desire for social justice and equality, using recent arguments of Adam Swift as a springboard. Swift's position on the banning of private schools, which uses a Rawlsian ,veil of ignorance' argument, is explored, and it is suggested that, if equality of opportunity is a major aim, it does not go far enough by permitting parental partiality. If the only alternative is a Platonic state, then this may be acceptable. But a neglected third scenario, drawing on the insights of Adam Smith, shows ,self-love' to be a valuable social virtue, leading to a more favourable resolution of the ,paradox of the shipwreck' than that explored by Swift. Pointers are given to evidence from developing countries and a more detailed ,veil of ignorance' argument to support this case. [source]


Smith and Living Wages: Arguments in Support of a Mandated Living Wage

AMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY, Issue 5 2009
Article first published online: 20 OCT 200, Betsy Jane Clary
Adam Smith was a proponent of living wages for labor for reasons of growth and for reasons of equity. There is ample evidence in the body of Smith's work to support the thesis that Smith would support public policies that might ensure the achievement of a living wage. The argument rests, in part, on the conclusion that Smith had reservations concerning the ability of the economy to experience sufficient growth and the ability of growth, if achieved, to secure living wages. This article argues that, given Smith's views about justice and given Smith's ideas, as part of the Scottish Enlightenment, of how the rules of justice evolve, a living wage law could be one of the general rules of which Smith could approve. [source]


Henry George and Classical Growth Theory: A Significant Contribution to Modeling Scale Economies

AMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY, Issue 1 2001
John Whitaker
It is widely recognized that the analysis of economic growth in Henry George's Progress and Poverty was considerably influenced by the British classical tradition, especially the writings of Adam Smith, David Ricardo, and John Stuart Mill. What has been less clearly perceived is that George made significant extensions to the classical theory. This paper's aim is to provide an interpretation, and to some extent a "rational reconstruction," of George's positive analysis, largely leaving aside the striking normative lessons he drew from it. George's unsatisfactory treatment of capital is disposed of in Section I, while Section II,the core of the paper,follows George's lead in aggregating capital and labor into a single productive factor which is employed in a given natural environment. Section III adds the complication of improvement in the arts of production, and Section IV deals briefly with George's views on land speculation. Section V assesses, comparing George with his contemporary Alfred Marshall. [source]


Altruism and Self Interest in Medical Decision Making

THE JOURNAL OF LAW, MEDICINE & ETHICS, Issue 3 2009
Paul H. Rubin
We seem to prefer that medicine and medical care be provided through altruistic motives. Even the pharmaceutical industry justifies its behavior in terms of altruistic purposes. But economists have known since Adam Smith that self-interested behavior can create large and growing social benefits. This is true for medical care as well as for other goods. First, I consider specifically the case of pharmaceutical promotion, both to physicians and to consumers. I argue that such promotion is highly beneficial to patients and leads to health improvements. I consider some criticisms of promotion, and show that they are misguided. I then provide some evolutionary explanations for our erroneous beliefs about medical care. [source]


Creative destruction: Efficiency, equity or collapse? (Respond to this article at http://www.therai.org.uk/at/debate)

ANTHROPOLOGY TODAY, Issue 1 2010
Stephen Gudeman
Around the globe, unemployment and sub employment have risen, salaries are frozen, homes are being repossessed, economic inequality continues, and many are experiencing heightened emotional distress. We have heard many explanations for this economic and social mess. But the current crisis should make us question the standard narratives, which failed to predict it and now offer ambiguous solutions. I argue that the crisis represents a tectonic shift in material life that calls for rethinking our image of economy. Because the normal discourse of economics does not explain this world of contradictions, ironies, and unpredictability, perhaps anthropology's moment has arrived. I offer a sketch of the contemporary situation based on a vision of economy as a combination of value domains and the impact of growing specialization, beginning in the workplace and reaching to new financial instruments. If the idea of the growing division of tasks in markets has been a central thread in economics since Adam Smith, its counterpart in anthropology has been the assumption of value diversity within and between cultures. [source]


Adam Smith and the Grotian Theory of Property

BRITISH JOURNAL OF POLITICS & INTERNATIONAL RELATIONS, Issue 1 2010
John Salter
In the theory of property, which he presented in his lectures in Glasgow in 1762,63, Adam Smith moved decisively against the ideas of his Scottish contemporaries and near contemporaries, particularly with respect to the elements of their theories they had inherited from Locke. This article explores the reasons behind this change in direction and discusses the use Smith made of Grotius' theory of property in reformulating his own ideas. I argue that Grotius' influence is evident in three features of Smith's theory: the account of property in the first age of society; the role of agreements in the subsequent development of property; and the nature and scope of natural rights. [source]