|
|
Article: What Would Adam Smith Say Now?: He would Like Much of What he Sees, But he would Also be Worried.
- Article from:
- Business Economics
- Article date:
- October 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 The National Association for Business Economists. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The breadth and depth of Adam Smith's thought over 200 years ago still provide powerful lessons today. Were he present, he would applaud much of what has transpired in the organization of economic life, particularly in the U.S. economy and its thrust toward individual achievement and relatively free markets for goods and services, capital, and labor. However, he would also be deeply troubled by recent trends toward consolidation, particularly in the financial sector, and the emergence of "too-big-to-fail" as an argument for government to weaken the discipline of markets.
I greatly appreciate receiving from you the Adam Smith Award. It is a cognition that I will ...
Related newspaper, magazine, and journal articles:
|
|
Article: The benevolent legal ethic of Adam Smith merges ...
Forum on Public Policy: A Journal of the Oxford Round Table;
March 22, 2008 ;
700+ words
... ... Eighteenth and Nineteenth Centuries (1) Adam Smith's ideas have never left my thinking ... impressed with Coase's knowledge of Adam Smith's classical model and with his realistic ... question and jolting issue, What is Adam Smith's ethic? Then I read, The Problem ...
|
|