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Adam Smith And Economic Science
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Book Synopsis Adam Smith and Economic Science by : Jan Peil
Download or read book Adam Smith and Economic Science written by Jan Peil and published by Edward Elgar Publishing. This book was released on 1999 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the celebration of the bicentenary of The Wealth of Nations, the last twenty years have seen a burgeoning interest in Adam Smith's contribution to economics. Jan Peil's book aims to provide a new model for interpreting Smith's contribution to economic science. This model elucidates Smith's vision of the free market economy by placing it in the historical circumstances of the time. In the first part of the book the author discusses how we should read Smith and outlines the new hermeneutical model of interpretation of his economic thought. For example, in reviewing The Wealth of Nations, the author places Smith's work firmly in the context of moral philosophy and the debate on the sense and meaning of the emerging commercial society which was taking place in the 18th century. In discussing Smith's economics, the author clearly focuses on the question: why should we re-read Smith and according to which model of interpretation? Finally, he discusses the relevance of reinterpreting Smith's economics as part of moral philosophy for today's debate on the principles of economics. This innovative book will be of great interest to historians of economic thought and political economy, scholars and students of the philosophy and methodology of economics and all those interested in Adam Smith and his relevance for economics today.
Book Synopsis The Science of Wealth by : Tony Aspromourgos
Download or read book The Science of Wealth written by Tony Aspromourgos and published by Routledge. This book was released on 2008-09-18 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study clarifies the character of 'political economy' as a distinct and separable intellectual discipline in the generic sense, in the texts of Adam Smith. It focuses upon the scope and fundamental conceptualizations of the new science. Smith's conceptualization of economic analysis is shown to constitute a unified intellectual piece for understanding economic society and its dynamics. Smith's fundamental economic language is exhaustively examined, in all his texts, with a view to clarifying the meaning of the basic concepts of his system. As well, the 'prehistories' of those concepts, in literature prior to Smith, back to the earliest times, are quite comprehensively treated, thereby placing his political economy in its larger historical context and conveying a rich sense of the history of these ideas over the whole course of our civilization. A quite complete account of Smith's economics as a whole is also entailed by this undertaking: his key substantive economic doctrines are thoroughly considered as well, and all the elements of his economic theory receive attention. To that extent, notwithstanding the focus on concepts, an interpretation of the substance of Smith's political economy is also provided. This focus is partly motivated by the view that Smith's intellectual triumph in the history of social science is not so much about the success of specific doctrines. His more considerable theoretical success is at a deeper level: gaining a wide and long-lasting acquiescence in the conceptual universe framed by the fundamental structures of his system, for a newly emerging discipline. Those who subsequently contested Smithian doctrine did so within Smith's framework; they did so 'on his terms'. While the book's primary purpose is to reconstruct the character of Smith's political economy as a distinct intellectual enterprise, it also addresses its relevance to modern economics, and to policy and practice in contemporary liberal society.
Book Synopsis Self-Interest before Adam Smith by : Pierre Force
Download or read book Self-Interest before Adam Smith written by Pierre Force and published by Cambridge University Press. This book was released on 2003-09-04 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Self-Interest before Adam Smith inquires into the foundations of economic theory. It is generally assumed that the birth of modern economic science, marked by the publication of The Wealth of Nations in 1776, was the triumph of the 'selfish hypothesis' (the idea that self-interest is the motive of human action). Yet, as a neo-Epicurean idea, this hypothesis had been a matter of controversy for over a century and Smith opposed it from a neo-Stoic point of view. But how can the Epicurean principles of orthodox economic theory be reconciled with the Stoic principles of Adam Smith's philosophy? Pierre Force shows how Smith's theory refutes the 'selfish hypothesis' and integrates it at the same time. He also explains how Smith appropriated Rousseau's 'republican' critique of modern commercial society, and makes the case that the autonomy of economic science is an unintended consequence of Smith's 'republican' principles.
Book Synopsis The Science of Wealth by : Tony Aspromourgos
Download or read book The Science of Wealth written by Tony Aspromourgos and published by Routledge. This book was released on 2008-09-18 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume clarifies the character and fundamental structures of ‘political economy’ as an intellectual discipline in the texts of Adam Smith and will be vital reading for historians of economic thought and philosophers of social science.
Book Synopsis Erasing the Invisible Hand by : Warren J. Samuels
Download or read book Erasing the Invisible Hand written by Warren J. Samuels and published by Cambridge University Press. This book was released on 2014-04-14 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the use, principally in economics, of the concept of the invisible hand, centering on Adam Smith. It interprets the concept as ideology, knowledge, and a linguistic phenomenon. It shows how the principal Chicago School interpretation misperceives and distorts what Smith believed on the economic role of government. The essays further show how Smith was silent as to his intended meaning, using the term to set minds at rest; how the claim that the invisible hand is the foundational concept of economics is repudiated by numerous leading economic theorists; that several dozen identities given the invisible hand renders the term ambiguous and inconclusive; that no such thing as an invisible hand exists; and that calling something an invisible hand adds nothing to knowledge. Finally, the essays show that the leading doctrines purporting to claim an invisible hand for the case for capitalism cannot invoke the term but that other nonnormative invisible hand processes are still useful tools.
Book Synopsis The Scope and Method of Economic Science by : Henry Sidgwick
Download or read book The Scope and Method of Economic Science written by Henry Sidgwick and published by London : Macmillan and Company. This book was released on 1885 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Preconceptions of Economic Science by : Thorstein Veblen
Download or read book The Preconceptions of Economic Science written by Thorstein Veblen and published by Read Books Ltd. This book was released on 2014-05-30 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thorstein Veblen was probably the greatest economist working in early 20th century America. In this treatise, Veblen sets out the preconceptions and uninformed ideas people have when beginning to study the economy, taking each problem and addressing it in turn, hoping to open the readers mind to a better understanding of one of the most difficult and complex problems of the modern world, the economy. We are republishing this work with a brand new short introductory biography of the author.
Book Synopsis Economics--Mathematical Politics Or Science of Diminishing Returns? by : Alexander Rosenberg
Download or read book Economics--Mathematical Politics Or Science of Diminishing Returns? written by Alexander Rosenberg and published by University of Chicago Press. This book was released on 1992 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Economics will never be able to move beyond these vague predictions because it treats human behavior - individual and social - as the product of expectations and preferences - beliefs and desires - the variables that cannot be measured independently of the actual choices we want to predict. These factors, combined with the economist's commitment to the search for equilibrium solutions to theoretical problems, condemn economic theory to permanent predictive weakness. In the end, Rosenberg's analysis is not merely a critique. His aim is to redefine the scope and value of neoclassical theory, suggesting that its character and most important accomplishments need to be correctly understood to defend economics against the charge that it is a science of diminishing returns."--BOOK JACKET.
Book Synopsis Adam Smith’s Theory of Value and Distribution by : Jeffrey T. Young
Download or read book Adam Smith’s Theory of Value and Distribution written by Jeffrey T. Young and published by Taylor & Francis. This book was released on 2023-12-12 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ever since the time of his early interpreters, beginning with David Hume, Adam Smith’s theory of value has been the subject of confusion and misunderstanding – including a controversy which still rages over whether Smith held a labour theory of value, and, if so, whether he held to it throughout Wealth of Nations, or if it was confined to the “Early and Rude State”? This book provides a close reading of Smith’s key text, and also incorporates material from the other parts of Smith’s oeuvre, especially from The Theory of Moral Sentiments, to yield original and important insights into Smith’s theory of value. The book operates on the assumption that Smith is proposing relatively simple ideas about price and takes a conventional view that simple Supply and Demand models can illuminate, clearly and consistently with his text, his theory of price. Combining these elements, the book argues that, contra Marx, Smith does not have a labour theory of value at all, understood as a theory of the determination of the relative price structure. Instead, Smith is placed squarely in the supply and demand, general equilibrium framework and the claim that he is part of a “surplus tradition”, which receives its highest treatment in the work of Piero Sraffa, is refuted. This book will be of particular interest to Adam Smith specialists, historians of economic thought, and research economists who have an interest in Smith.
Book Synopsis Adam Smith's Science of Morals by : Tom Campbell
Download or read book Adam Smith's Science of Morals written by Tom Campbell and published by Routledge. This book was released on 2014-05-12 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: This critical exposition of Adam Smith’s Theory of Moral Sentiments, first published in 1971, gives an appreciation of Smith’s conception of scientific method as applied to the study of social phenomena. The work is placed in the context of Smith’s other writings including of course The Wealth of Nations, but making special use of the theory of scientific development contained in his posthumous work, Essays on Philosophical Subjects. By concentrating on Smith’s methodological approach to the study of society, this book provides an illuminating interpretation of his moral theory and defends it against any mistaken criticisms. It also includes a much needed analysis of the important differences between Smith’s ‘impartial spectator’ and the ‘ideal observer’ of modern ethical society. The result is a pointed study, bringing out the close connection between his moral, legal and ethical theories, which will be welcomed by all students of 18th century thought, specialists in moral theory, and the interested lay-reader.
Book Synopsis An Essay on the Nature and Significance of Economic Science by : Lionel Robbins
Download or read book An Essay on the Nature and Significance of Economic Science written by Lionel Robbins and published by Ludwig von Mises Institute. This book was released on 2007 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book by Lionel Robbins first appeared in 1932 as an outstanding English-language statement of the Misesian view of economic method, namely that economics is a social science and must advance its propositions by means of deductive reasoning and not through the methods used in the natural sciences. The case is argued here with patience and attention to scholarly details. The unfortunate second edition of this book, which is more available today, introduces confusions by departing from Austrian microeconomic theory. Thus does the Mises Institute celebrate the 75th anniversary of the first edition with this reprint. "Reading Robbins," writes Samuel Bostaph of the University of Dallas, "is an excellent way of contrasting his explanation of the basic nature of economics with that of the Austrian School, as found in the work of Mises as an extension of Carl Mengers's foundations. Such a reading wonderfully clarifies one’s understanding of the basic conception of economics as a science of human action, rather than one of mere 'economizing.' "
Download or read book Adam Smith written by Jesse Norman and published by Penguin UK. This book was released on 2018-07-05 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adam Smith is now widely regarded as 'the father of modern economics' and the most influential economist who ever lived. But what he really thought, and what the implications of his ideas are, remain fiercely contested. Was he an eloquent advocate of capitalism and the freedom of the individual? Or a prime mover of 'market fundamentalism' and an apologist for inequality and human selfishness? This exceptional book, by a writer who combines to an unusual degree intellectual training and practical political experience, dispels the myths and caricatures and gives us Smith in the round. It lays out a succinct and highly engaging account of Smith's life and times, explores his work as a whole and traces his influence over the past two centuries. Finally, it shows how a proper understanding of Smith can help us grasp - and address - the problems of modern capitalism. The Smith who emerges from this book is not only the first thinker to place markets at the heart of economics but also a pioneering theorist of moral philosophy, culture and society.
Book Synopsis The changing concept of economic science from Adam Smith to Lional Robbins by : Catherine Therese Knoop
Download or read book The changing concept of economic science from Adam Smith to Lional Robbins written by Catherine Therese Knoop and published by . This book was released on 1954 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis ECONOMIC SENTIMENTS by : Emma Rothschild
Download or read book ECONOMIC SENTIMENTS written by Emma Rothschild and published by Harvard University Press. This book was released on 2013-02-04 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: A benchmark in the history of economics and of political ideas, Rothschild shows us the origins of laissez-faire economic thought and its relation to political conseratism in an unquiet world.
Book Synopsis Adam Smith’s America by : Glory M. Liu
Download or read book Adam Smith’s America written by Glory M. Liu and published by Princeton University Press. This book was released on 2024-04-02 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: The unlikely story of how Americans canonized Adam Smith as the patron saint of free markets Originally published in 1776, Adam Smith’s The Wealth of Nations was lauded by America’s founders as a landmark work of Enlightenment thinking about national wealth, statecraft, and moral virtue. Today, Smith is one of the most influential icons of economic thought in America. Glory Liu traces how generations of Americans have read, reinterpreted, and weaponized Smith’s ideas, revealing how his popular image as a champion of American-style capitalism and free markets is a historical invention. Drawing on a trove of illuminating archival materials, Liu tells the story of how an unassuming Scottish philosopher captured the American imagination and played a leading role in shaping American economic and political ideas. She shows how Smith became known as the father of political economy in the nineteenth century and was firmly associated with free trade, and how, in the aftermath of the Great Depression, the Chicago School of Economics transformed him into the preeminent theorist of self-interest and the miracle of free markets. Liu explores how a new generation of political theorists and public intellectuals has sought to recover Smith’s original intentions and restore his reputation as a moral philosopher. Charting the enduring fascination that this humble philosopher from Scotland has held for American readers over more than two centuries, Adam Smith’s America shows how Smith continues to be a vehicle for articulating perennial moral and political anxieties about modern capitalism.
Book Synopsis Economic Science and Practice by : Langford Lovell Price
Download or read book Economic Science and Practice written by Langford Lovell Price and published by . This book was released on 1896 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Science of Political Economy by : Henry George
Download or read book The Science of Political Economy written by Henry George and published by . This book was released on 1908 with total page 606 pages. Available in PDF, EPUB and Kindle. Book excerpt:
