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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 inserts or “additions” to the first two editions of The Wealth of Nations (1776, 1778). Of these 13 inserts, … Continue reading
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Tagged adam-smith, Economics, economy, finance, Markets, Politics
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A provocative Parisian pamphlet
(Author’s note: below is Part 3 of 3 of my series of blog posts on Adam Smith’s first visit to Paris.) The pamphlet, Richesses de l’etat, took Paris by storm and stirred up an enormous debate about royal finances. (Darnton … Continue reading
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Tagged adam-smith, Economics, finance, History, Paris, Politics, roussel-de-la-tour, taxation
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prior probability 