Ronald Coase’s The Wealth of Nations

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Adam Smith on government business enterprises

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Ronald Coase on Adam Smith and the meaning of competition

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George Stigler on Adam Smith’s one overwhelming success

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Joseph Schumpeter on The Wealth of Nations

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Joseph Schumpeter’s Adam Smith

 

Adam Smith on the interest group theory of government


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Deirdre McCloskey on Adam Smith’s generalisation

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Adam Smith on law and order

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Ronald Coase on what economists do!

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Adam Smith on the power of one

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Seeing like the state

It is the highest impertinence and presumption, therefore, in kings and ministers, to pretend to watch over the economy of private people, and to restrain their expence either by sumptuary laws, or by prohibiting the importation of foreign luxuries. They are themselves always, and without any exception, the greatest spendthrifts in the society. Let them look well after their own expence, and they may safely trust private people with theirs. If their own extravagance does not ruin the state, that of their subjects never will.  - Adam Smith

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Adam Smith on how institutional backgrounds shape public choice

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The invisible hand

It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own self-interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages.  - Adam Smith

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Previous Older Entries

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reflections on books and art

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Climatism

Tracking Anthropogenic Climate Alarmism

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