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Final thoughts on Adam Smith’s 1784 Additions and Corrections to The Wealth of Nations
Happy hump day! I began my in-depth survey of Adam Smith’s 79-page pamphlet, Additions and Corrections to the First and Second Editions of Dr. Adam Smith’s Inquiry into the Nature and Causes of the Wealth of Nations (Smith 1784), way … Continue reading
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Tagged adam-smith, Economics, History, Philosophy, Politics, the-wealth-of-nations
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Conclusion of Adam Smith’s digression on joint stock companies
It’s time to wrap up my survey of Adam Smith’s digression on joint stock companies, which first appeared in his 1784 pamphlet Additions and Corrections to the First and Second Editions of Dr. Adam Smith’s Inquiry into the Nature and … Continue reading
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Tagged adam-smith, banking, canals, Corporations, insurance, principal-agent-problem, waterworks
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Adam Smith and the mercantile system
Thus far these past few weeks (see here, here, here, here, here, here, here, here, here, and here), we have surveyed the first 11 additions in Adam Smith’s pamphlet Additions and Corrections to the First and Second Editions of Dr. … Continue reading
Tobacco, textiles, and wine: the immortal Adam Smith
Nota bene: This is the fifth installment of my multi-part review of Adam Smith’s 1784 pamphlet Additions and Corrections to the First and Second Editions of Dr. Adam Smith’s Inquiry into the Nature and Causes of the Wealth of Nations. … Continue reading
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Tagged adam-smith, american-revolution, Economics, History, Politics, Trade, wine
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France, England, and the immortal Adam Smith
Nota bene: Today’s post contains the fourth installment of my multi-part review of Adam Smith’s 79-page pamphlet Additions and Corrections to the First and Second Editions of Dr. Adam Smith’s Inquiry into the Nature and Causes of the Wealth of … Continue reading
Revisiting another Adam Smith problem
Nota bene: Today’s post contains the third installment of my multi-part review of Adam Smith’s 1784 pamphlet Additions and Corrections to the First and Second Editions of Dr. Adam Smith’s Inquiry into the Nature and Causes of the Wealth of … Continue reading
Adam Smith on wealth, power, and the self-correcting nature of markets
Last week (see here and here), I mentioned how Adam Smith had published a 79-page pamphlet in 1784 containing 13 separate “additions and corrections” to the first two editions of The Wealth of Nations (1776, 1778). Of these 13 additions/inserts, … Continue reading
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Tagged adam-smith, Economics, economy, finance, Markets, Politics
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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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Tagged adam-smith, division-of-labor, Economics, History, Philosophy, Politics, specialization, the-wealth-of-nations
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Rousseau’s theory of original sin
As we saw in a previous post (see here), three passages in Rousseau’s Second Discourse may have resonated with a young Adam Smith. Yesterday, we saw the first of these three fragments; today, we will take a closer look at … Continue reading
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Tagged adam-smith, original-sin, Property, rousseau, second-discourse
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Rousseau’s just-so story
Yesterday, I transcribed three separate passages from Jean-Jacques Rousseau’s Second Discourse, and I then asked: why would someone like Adam Smith have singled-out those three specific selections in his 1756 letter to the Edinburgh Review? For reference, Smith’s translation of … Continue reading
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Tagged adam-smith, division-of-labor, History, just-so-story, Philosophy, rousseau
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prior probability 