Could all of this upset, cost of locum cover, loss of expertise, and damage to patient care have been avoided? ...Youngs reports that the government’s own impact statement predicted that people would ...respond by reducing their contributions and, once in the taper zone, reducing their income. From what was once a simple system, with little need to engage with financial experts, we now have “tapering annual allowance, two pension schemes, and a myriad of financial complexity.”
UNE HISTOIRE DES IDÉES ÉCONOMIQUES ENTRE DÉMARCHE EXTENSIVE ET DÉMARCHE RÉTROSPECTIVE Abdelkader Slifi1 A propos du manuel d'Histoire des idées économiques de Jean Dellemotte. Paris : Dunod, 2017, ...292 p.
The paper takes a fresh look at two essays that Adam Smith wrote at the very beginning of his career. In these essays, Smith explains his philosophy of science, which is social constructivist. A ...social constructivist reading of Smith strengthens the scholarly consensus that The Wealth of Nations (WN) needs to be interpreted in light of the general moral theory he explicates in The Theory of Moral Sentiments (TMS), as the two essays and TMS stress the importance of the same concepts: e.g., moral imagination, the socially embedded individual, and humility. The connecting tissue between all three works is made up of sentiments and values. Smith regards the socially embedded human as the agent in all three realms (knowledge creation, morality, economics), and humans are always driven by values. Smith not only conceives of economics as an applied moral philosophy, but also bases both research areas on a view of knowledge creation that stresses specific epistemic values. If mainstream economic theory (and business theory that is based on it) wants to have any claim to Adam Smith, it would have to change not only what it argues but also how it argues. Economists would have to replace the language of mathematics with the language and logic of moral philosophy and give values centre stage.
Adam Smith is popularly regarded as the ideological forefather of laissez-faire capitalism, while Rousseau is seen as the passionate advocate of the life of virtue in small, harmonious communities ...and as a sharp critic of the ills of commercial society. But, in fact, Smith had many of the same worries about commercial society that Rousseau did and was strongly influenced by his critique. In this first book-length comparative study of these leading eighteenth-century thinkers, Dennis Rasmussen highlights Smith’s sympathy with Rousseau’s concerns and analyzes in depth the ways in which Smith crafted his arguments to defend commercial society against these charges. These arguments, Rasmussen emphasizes, were pragmatic in nature, not ideological: it was Smith’s view that, all things considered, commercial society offered more benefits than the alternatives. Just because of this pragmatic orientation, Smith’s approach can be useful to us in assessing the pros and cons of commercial society today and thus contributes to a debate that is too much dominated by both dogmatic critics and doctrinaire champions of our modern commercial society.
The article aims first to elucidate the role of the Enlightenment in the creation of the notion of fair value. The courts were already defending free market prices by 1750, before the main economic ...thinkers, Turgot, Cantillon, and Smith formulated their views as to why public welfare was best served by freely made private bargains. It is shown that the attachment of the word "fair" to market value is attributable to Smith's own understanding of what constitutes distributive justice. A second puzzle addressed in the article is the delay, lasting longer than a century, between the commercial and judicial acceptance of fair value and the later acceptance of it by the standard setters of the accounting profession as the primary way to value business assets and liabilities.
An Age of Risk Nacol, Emily
2016, 2016., 20160830, 2016-08-30
eBook
Emily Nacol shows that risk, now treated as a permanent feature of our lives, did not always govern understandings of the future. Focusing on the epistemological, political and economic writings of ...Thomas Hobbes, John Locke, David Hume and Adam Smith, Nacol explains that in 17th and 18th century Britain, political and economic thinkers reimagined the future as a terrain of risk, characterised by probabilistic calculation, prediction and control.
Revising the Cambridge School Bourke, Richard
Political Theory,
06/2018, Letnik:
46, Številka:
3
Book Review, Journal Article
Recenzirano
Odprti dostop
A review essay covering books by 1) Istvan Hont, Politics in Commercial Society: Jean-Jacques Rousseau and Adam Smith (2015) and 2) Richard Tuck, The Sleeping Sovereign: The Invention of Modern ...Democracy (2015).
This book aims to show that Adam Smith (1723-90), the author of The Wealth of Nations, was not the promoter of ruthless laissez-faire capitalism that is still frequently depicted.
Reproduced here is an essay by Michael P. (Mikhail Pavlovich) Alekseev. In the 1760s two students from Russia, Semyon Efimovich Desnitsky (1740-1789) and Ivan Andreevich Tretyakov (1735-1776), ...attended Glasgow University, learned directly from Adam Smith, John Millar, and others, returned to Russia, and commenced a tradition of Smithian thought in Russia. Alekseev tells of other Russian Smithians including N. S. Mordinov (1754-1845), Ekaterina Romanovna Dashkova (1744-1810), Alexander Romanovich Vorontsov (1741-1805), Semyon Romanovich Vorontsov (1744-1832), Christian von Schlözer (1774-1831), Heinrich Friedrich von Storch (1766-1835), M. A. Balugiansky (1769-1847), Nikolay Turgenev (1789-1871), and the great author Alexander Pushkin (1799-1837). Alekseev writes: "After the war of 1812 Adam Smith became extremely popular among the liberal youth of Russia who were organizing secret circles. In endowing the hero of his novel Eugene Onegin with a taste for economic problems and by making him read Adam Smith, Pushkin merely reproduced the actual feature of the time, the writer himself having had the same taste."
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