Adam Smith and Greed

From: Journal of Private Enterprise | Date: October 1, 2005| Author: Wight, Jonathan B | Copyright information

The virtues of greed have been widely promoted by some economists in the 20th century. Allegedly it is Adam Smith who provides this new dignity to greed (Lerner, 1937, ix). Kenneth Arrow and Frank Hahn in the General Equilibrium Analysis (1971), for example, implicitly assume that Adam Smith's self-interest is the greed that promotes economic efficiency (quoted in Evensky, 1993, 203). Walter Williams (1999), a devoted follower of Smith, writes in his column that, "Free markets, private proper...

Related newspaper, magazine, and journal articles from HighBeam Research

Book review: Adam Smith and the Pursuit of Perfect Liberty: Forever king of the economics class
The Scotsman ; Adam Smith and the Pursuit of Perfect Liberty by James Buchan Profile Books, 145pp, GBP 14.99 IF YOU WERE A REGULAR walker on the Salisbury Crags high above Edinburgh on crisp mornings during the early 1780s, you would be familiar with two earnest gentlemen whose passion was examining the geology
Turning to Adam Smith. (publications on life and works of political economist)
Atlantic Economic Journal ; Introduction The recent publication of Ian Simpson Ross's long-awaited Life of Adam Smith (being the closing step of the Oxford bicentennial Glasgow edition of the works and correspondence of Adam Smith) affords the proper opportunity for some reconsideration of Smith's thought and analysis,
The Myth of Adam Smith.(Review)
Southern Economic Journal ; By Salim Rashid. Cheltenham, UK: Edward Elgar, 1998. Pp. X, 227. $80.00. For every economist who has ever idolized Adam Smith or wished they could be more like him, Salim Rashid's The Myth of Adam Smith is the valuable antidote. Rashid is unusual among economists in that he really does not care
The ambitious, accommodative Adam Smith. (18th century Scottish economist and free trade advocate)
Independent Review ; If the cause of liberty needs saints to be made palatable, then the arguments for liberty may be in deep trouble. Unmindful of this point, biographies of Adam Smith suggest that any attack on the saintliness of Smith's character sullies the case for economic liberty. (The writings of the late
Adam Smith a man for our time
Colorado Springs Gazette Telegraph ; Two hundred years ago this month, the world lost a man who was arguably the greatest economist who has ever lived - the Scottish philosopher Adam Smith. It's not entirely coincidental that Smith's great work, "The Wealth of Nations," was published the same year, 1776, that a band of freedom-loving
Book review: Adam Smith And The Pursuit Of Perfect Liberty: Invisible hand just out of reach
Scotland on Sunday ; Adam Smith And The Pursuit Of Perfect Liberty James Buchan Profile, GBP 14.99 ADAM Smith is a philosopher more written about than read these days. In the past few years, a veritable industry has grown up, revealing what the works of this great Scottish thinker actually say. Of course, this is
Adam Smith sculpture to tower over Royal Mile
Evening News - Scotland ; IT will be a fitting tribute to one of the giants of modern thinking. A towering statue of Adam Smith - the Scottish pioneer of economics - which will stand 20ft high above the Royal Mile was unveiled today. Created by Alexander Stoddart, the celebrated sculptor behind the nearby statue of Smith's
Adam Smith claimed by the Left
The Scotsman ; GORDON Brown sought to claim Adam Smith, the 18th century author of the Wealth of Nations, from his more right-wing admirers last night stating that the economist was just as concerned with social improvement as he was with enterprise. The Chancellor, who was introducing a debate on Smith's ideas
On Adam Smith's "Wealth of Nations": A Philosophical Companion
The Independent Review ; On Adam Smith's "Wealth of Nations": A Philosophical Companion By Samuel Fleischacker Princeton, N.J.: Princeton University Press, 2004. Pp. xvii, 329. $39.50 cloth, $19.95 paperback. Adam Smith's writings have recently undergone a revolution. For almost two centuries, Smith was hailed as the
Father of capitalism Adam Smith 'would back New Labour' - Brown
The Scotsman ; GORDON Brown is to claim that the father of modern economics and free market capitalism, Adam Smith, was spiritually an early member of New Labour, in a book published later this year. The Chancellor had challenged Iain McLean, a professor of politics at Oxford University, to write a book on where