Adam Smith, Watch Prices, and the Industrial Revolution *

Religion and Spirituality: Adam Smith versus J-J Rousseau

Adam Smith and J-J Rousseau share some common ground when it comes to religion, namely that they were born into  and educated in cultural contexts deeply shaped by Reformed Christianity. However, close consideration of their writings on religion reveal marked difference. This paper explores those differences and finds that Rousseau and Smith are radically at odds on this score. Smith has almost...

Adam Smith and Greed

Adam Smith , Behavioral

Adam Smith , Behavioral Economist

Adam Smith, Behavioral Economist

I n The Wealth of Nations, published in 1776, Adam Smith famously argued that economic behavior was motivated by self-interest. But 17 years earlier in 1759, Smith had proposed a theory of human behavior that looks anything but selfinterested. In his first book, The Theory of Moral Sentiments, Smith argued that behavior was determined by the struggle between what Smith termed the “passions” and...