The Very Rev. Sir George Adam Smith, F.B.A

Adam Smith , Behavioral

Adam Smith , Behavioral Economist

Sir George Campbell

trumpet of praise, and his enemies tried to give him a parting kick. We have nothing unkind to say of Sir George. True, lie once insulted the Calcutta doctors grievously by insinuating that they made false returns of their earnings. He was taken to book promptly and sharply on this account at the time. He was able to show that he was misled by statistics and made a frank and generous amende. Th...

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...