Early Economic Thought: Selections from Economic Literature prior to Adam Smith.

Economic Thought of Gandhi

"I WOULD LIKE TO SAY TO THE DILIGENT READER OF MY WRITINGS AND to others who are interested in them that I am not at all concerned with appearing to be consistent. In my search after Truth I have discarded many ideas and learnt many new things. Old as I am in age, I have no feeling that I have ceased to grow inwardly or that my growth will stop at the dissolution of the flesh. What I am concern...

Adam Smith , Behavioral

Adam Smith , Behavioral Economist

Adam Smith and Greed

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...