Adam Smith: Essays on Adam Smith’S Original Contributions to Economic Thought and the Parallels with the Economic Thought of John...

Adam Smith: Essays on Adam Smith’S Original Contributions to Economic Thought and the Parallels with the Economic Thought of John...
ISBN-10
1503587320
ISBN-13
9781503587328
Series
Adam Smith
Category
Business & Economics
Pages
208
Language
English
Published
2015-07-21
Publisher
Xlibris Corporation
Author
MICHAEL EMMETT BRADY

Description

Adam Smiths original, path breaking work on decision making, uncertainty and public policies to minimize the impact of uncertainty in the economy has been overlooked for well over two hundred years. One need only peruse the badly analyzed work of Smith in this area as presented by Henry D MacLeod in his The Elements of Political Economy on pp.212-220 or Henry Sidgwicks The Principles of Political Economy on pp.359-361, as well as the misevaluations of Smiths contributions made by Jacob Viner in 1927, Joseph Schumpeter in 1954, Murray Rothbard in 1995, or Salim Rashid in 1998 to realize that Smiths important contributions were never recognized. The claim that Smith made no original contributions to economic theory or economics is simply false.

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