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The timeless wisdom of Adam Smith

In his posthumously published treatise History of Economic Analysis (Oxford U Press, 1954; available here), Joseph Schumpeter made the following gratuitous and now oft-quoted claim: “… the fact is that The Wealth of Nations does not contain a single analytic … Continue reading →

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Adam Smith and the division of labor: cure or curse?

The first three chapters of The Wealth of Nations (WN, I.i-iii) are devoted to the division of labor. Although Adam Smith will later have some bad things to say about the individual effects of the division of labor in Book … Continue reading →

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Prologue: Adam Smith’s political economy

Happy New Year! 2026 is the 250th anniversary of one of the most influential books to be published in the English language: Adam Smith’s Inquiry into the Nature and Causes of the Wealth of Nations. To commemorate this historic occasion, … Continue reading →

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End-of-year review: my other 2025 projects

Happy New Year’s Eve! Above and beyond my teaching duties and my work on Adam Smith’s life and ideas (see my previous post), I also want to highlight a few of my many other sundry scholarly endeavors during this past … Continue reading →

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My 2025 Adam Smith papers

Among other things, in 2025 I wrote or finished editing the following works on Adam Smith: 1. A New Discovery about Adam Smith in Geneva (with Alain Alcouffe, see below) 2. A Plea to Adam Smith Scholars (published in Adam … Continue reading →

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Monday medley: assorted AI doomer links

Ted Gioia, “The force-feeding of AI on an unwilling public“ John Nosta, “What if AI isn’t intelligence but anti-intelligence?” Ronald Purser, “AI is destroying the University and learning itself“ Thomas Urbain, “Justice at stake as generative AI enters the courtroom“ … Continue reading →

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Sunday song: Little Saint Nick

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Assorted Yuletide links

As a gift to my loyal readers, below are a few of my favorite Internet links that I stumbled upon at various moments during the past two years: Central Intelligence Agency, “Simple Sabatoge Field Manual” (1963) Daniel Crane, “The Law … Continue reading →

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Friday funnies: science funding edition

Bonus Friday Funny: “Uncle Put More Thought Than Usual into this Year’s Gift Cards” via The Onion.

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The domain of Coase’s axiom

In my previous post, I explained why Ronald Coase’s reciprocal-harm insight should be treated as an axiom, i.e. an indemonstrable first principle or formal logical expression used in a deduction to yield further results. Today (Merry Christmas!), I will explore … Continue reading →

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