Laughter in the economic philosophy of Adam Smith

2021 ◽  
Vol 40 (3) ◽  
pp. 242-253
Author(s):  
Mark Rathbone
Keyword(s):  
Adam Smith ◽  
Economic Philosophy

Developments in the Law and Institutions of International Economic Relations: International Economic Development: The Emergent Issues

1970 ◽  
Vol 64 (1) ◽  
pp. 106-138
Author(s):  
Frederic L. Kirgis
Keyword(s):  
International Economic ◽  
World War Ii ◽  
International Development ◽  
Adam Smith ◽  
Development Assistance ◽  
Economic Relations ◽  
The Public ◽  
Modern Development ◽  
Economic Philosophy ◽  
David Ricardo

Thought about the problems of economic growth has evolved in the space of two hundred years from the static models of Adam Smith and David Ricardo to the eclecticism of modern development economists. The current eclectic economic philosophy is increasingly reflected in operating policies of institutions concerned with international development. One result is the framing of a new set of issues which are best expressed in terms of the adaptability of development assistance mechanisms to meet varied and frequently changing needs. Thus the present discussion, after a look at experience since World War II, will examine issues which may be viewed as guideposts to development assistance flexibility: increased multilateralism in the transfer of resources; harmonization of the terms of resource transfer with debt service capabilities; the channeling of growth toward optimal goals, including the stimulation of capacity to earn foreign exchange; and the encouragement of balanced investment involving the private as well as the public sector.

The Political Economy of Private Investment in Nigeria

1972 ◽  
Vol 10 (1) ◽  
pp. 37-56 ◽  
Author(s):  
R. O. Ekundare
Keyword(s):  
Political Economy ◽  
Public Interest ◽  
Adam Smith ◽  
Private Investment ◽  
The Political ◽  
The Public ◽  
Economic Philosophy

The traditional and basic economic philosophy of private investment is best expressed by Adam Smith: Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command…every individual…endeavours so [to employ his capital]…that its produce may be of the greatest possible value…He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it… By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it.1

scholarly journals Adam’s Smith’s Concept of a Great Society and its Timeliness

2019 ◽  
Vol 57 (1) ◽  
pp. 175-190
Author(s):  
Janina Godłów-Legiędź
Keyword(s):  
Social Order ◽  
Political System ◽  
Adam Smith ◽  
Division Of Labour ◽  
The Political ◽  
Great Society ◽  
Small Communities ◽  
Face To Face ◽  
The Social ◽  
Economic Philosophy

Abstract The article aims to present the concepts of Adam Smith which are important considering the current disputes over liberalism, as well as the challenge that is the maintenance of the world’s economic order. Firstly, the article analyses the significance of the division of labour which is perceived as a fundamental premise for transitioning from small communities and face-to-face exchanges to the impersonal exchange and the expanded social order in which relations with strangers become meaningful. Secondly, the present work indicates that Smith did not neglect the matter of justice when proclaiming the need for freedom. He believed that efficient functioning of the market depends on the political system and a man’s ethical system, and his criticism of interventionism was not directed against the state as an institution co-creating the social order, but against the act of granting special privileges to certain interest groups. Thirdly, the article refers to the concept of coordination described by Scottish moral philosophers and the so-called Smith Problem. In this context, the article presents arguments against the assumption that John Nash’s theory provided proof of the erroneous nature of Adam Smith’s concepts. Arguments in favour of the timelessness of the economic philosophy of the father of economics are also drawn from Vernon Smith’s experimental economy and the research of evolutionary psychologists.

Adam Smith in Context

2004 ◽  
Author(s):  
Leonidas Montes
Keyword(s):  
Adam Smith

The State’s Role in Ensuring Fair Income Distribution in Vietnam Today: Some Issues from the Theory of Justice as Fairness by John Rawls

2020 ◽  
Vol 6 (2) ◽  
pp. 181-195
Keyword(s):  
Income Distribution ◽  
Economic Efficiency ◽  
John Rawls ◽  
Social Stability ◽  
Social Equality ◽  
Justice As Fairness ◽  
Theory Of Justice ◽  
Analysis And Synthesis ◽  
Economic Philosophy ◽  
The Relationship

Fairness in income distribution is a factor that both motivates employees and contributes to maintaining social stability. In Vietnam, fair income distribution has been studied from various perspectives. In this article, through the analysis and synthesis of related documents and evidence, and from the perspective of economic philosophy, the author applies John Rawls’s Theory of Justice as Fairness to analyze some issues arising from the implementation of the state’s role in ensuring fair income distribution from 1986 to present. These are unifying the perception of fairness in income distribution; solving the relationship between economic efficiency and social equality; ensuring benefits for the least-privileged people in society; and controlling income. On that basis, the author makes some recommendations to enhance the state’s role in ensuring fair income distribution in Vietnam. Received 11thNovember 2019; Revised 10thApril 2020; Accepted 20th April 2020

Swami Vivekananda Teaching using Tradition of Valuing the Early years of the Child’s life, and a Rich Heritage of Practices for Stimulating Development and Inculcating “Sanskaras” or basis Values and Social Skills in Children in Icds in India

2018 ◽  
Vol 3 (2) ◽  
Keyword(s):  
Human Life ◽  
Great Influence ◽  
Social Philosophy ◽  
Early Years ◽  
The Political ◽  
Human Beings ◽  
Practical Realization ◽  
Life Activity ◽  
Philosophical Consideration ◽  
Economic Philosophy

Philosophy is a search for a general understanding of values and reality by chiefly speculative rather than observational means. It signifies a natural and necessary urge in human beings to know themselves and the world in which they live and move and have their being. Hindu philosophy is intensely spiritual and has always emphasized the need for practical realization of Truth. Philosophy is a comprehensive system of ideas about human nature and the nature of the reality we live in. It is a guide for living, because the issues it addresses are basic and pervasive, determining the course we take in life and how we treat other people. Hence we can say that all the aspects of human life are influenced and governed by the philosophical consideration. As a field of study philosophy is one of the oldest disciplines. It is considered as a mother of all the sciences. In fact it is at the root of all knowledge. Education has also drawn its material from different philosophical bases. Education, like philosophy is also closely related to human life. Therefore, being an important life activity education is also greatly influenced by philosophy. Various fields of philosophy like the political philosophy, social philosophy and economic philosophy have great influence on the various aspects of education like educational procedures, processes, policies, planning and its implementation, from both the theoretical and practical aspects. In order to understand the concept of Philosophy of education it is necessary to first understand the meaning of the two terms; Philosophy and Education.

Adam Ferguson and the Idea of Civil Society

2019 ◽  
Author(s):  
Craig Smith
Keyword(s):  
Civil Society ◽  
Moral Philosophy ◽  
David Hume ◽  
Adam Smith ◽  
Scottish Enlightenment ◽  
Commercial Society ◽  
University Of Edinburgh ◽  
English Speaking ◽  
English Speaking World ◽  
The University

Adam Ferguson was a Professor of Moral Philosophy at the University of Edinburgh and a leading member of the Scottish Enlightenment. A friend of David Hume and Adam Smith, Ferguson was among the leading exponents of the Scottish Enlightenment’s attempts to develop a science of man and was among the first in the English speaking world to make use of the terms civilization, civil society, and political science. This book challenges many of the prevailing assumptions about Ferguson’s thinking. It explores how Ferguson sought to create a methodology for moral science that combined empirically based social theory with normative moralising with a view to supporting the virtuous education of the British elite. The Ferguson that emerges is far from the stereotyped image of a nostalgic republican sceptical about modernity, and instead is one much closer to the mainstream Scottish Enlightenment’s defence of eighteenth century British commercial society.

Essays on Hume, Smith and the Scottish Enlightenment

2018 ◽  
Author(s):  
Christopher J. Berry
Keyword(s):  
Intellectual History ◽  
David Hume ◽  
Adam Smith ◽  
Detailed Examination ◽  
Scottish Enlightenment ◽  
Subsequent Work ◽  
Retrospective Assessment ◽  
The 1960S

A collection of essays by a leading scholar. The work selected spans several decades, which together with three new unpublished pieces, cumulatively constitute a distinct interpretation of the Scottish Enlightenment as a whole while incorporating detailed examination of the work of David Hume and Adam Smith. There is, in addition, a substantial introduction which, alongside Berry’s personal intellectual history, provides a commentary on the development of the study of the Scottish Enlightenment from the 1960s. Each of the previously published chapters includes a postscript where Berry comments on subsequent work and his own retrospective assessment. The recurrent themes are the ideas of sociability and socialisation, the Humean science of man and Smith’s analysis of the relation between commerce and morality.

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