As is well known, Adam Smith spent about two years in Europe, most of it in France. It was in fact during his stay in Toulouse that he began to work on what became The Wealth of Nations (WN); but what proved decisive for the deepening of his understanding of market processes were his encounters…
Recent paper in IEEE Adam Smithcomputational intelligenceemergent orderinvisible handNeural NetworksoptimizationParticle SwarmRobert NozickSpontaneous orderTuring test
Marking the birth of the gentle professor. In the university of Oxford, the greater part of the public professors have, for these many years, given up altogether even the pretence of teaching. Adam SmithDavid Humedistributed knowledgeinvisible handMoral psychologypolitical economyPropriety and Prosperity: New Studies on the Philosophy of Adam SmithSpontaneous orderTheory of Moral SentimentsWealth of…
Adam Smithcomplexitydistributed knowledgeEconomicsemergent orderinvisible handLiberalismpropriety and prosperity
Died on this day 226 years ago — check out Propriety and Prosperity: New Studies on the Philosophy of Adam Smith for a collection of specially commissioned chapters from philosophers, economists, and political scientists, focusing on Adam Smith’s two main works Theory of Moral Sentiments and Wealth of Nations with a view to bringing Smith to a mainstream…
Last but by no means least here is an extract from Vernon’s Smith’s foreword. This book is a welcome addition to the resurgent scholarly and practical interest in Adam Smith’s contributions to market economics and its antecedents in the social order of human culture. In Smith, propriety concerned the rules that govern human sociability by…
The intro to Jonathan Wight’s chapter. The invisible hand means a variety of things to modern writers, who use the phrase loosely to imply the market, the price system, efficiency, laissez-faire, greed is good, and so on (Samuels et. al., 2011; Medema, 2009; Rothschild, 1994). In some circles the invisible hand is referred to with…
