Life of Adam Smith. John Rae

Dr John Rae

recognition is made also of Bright's discoveries in liver disease and neurology. But the reader gains little understanding of Bright's work in the context of changing ideas of disease, chemistry, and medical investigation of the first half of the nineteenth century. We do not learn enough about what, if any, skills and ideas Bright brought back from his European excursions. It is when discussin...

John Rae on the Causes of Invention

John Rae’s Statement of Some New Principles on the Subject of Political Economy (1834; cited below as NP) was intended to refute Adam Smith’s analysis of the causes of the wealth of nations and the laissez-faire conclusions generally drawn from it. ‘Invention’ plays a central role in Rae’s argument. He accused Smith of attributing economic growth exclusively to the accumulation of capital and o...

Adam Smith , Behavioral

Adam Smith , Behavioral Economist

Adam Smith and Greed