Who'S Afraid Of Adam Smith? How The Market Gotits Soul?

Peter J Dougherty

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"Peter Dougherty does the near-impossible in this brilliant book ...[he] makes economics engaging and accessible." - Professor Larry J. Sabato, University of Virginia In this spirited and timely book, Peter Dougherty shows how economists are drawing on Adam Smith's civic writings to illuminate how the market creates not only fiscal capital, but "social capital." Dougherty demonstrates how Smith's ideas are currently experiencing a renaissance. He then explores several impressive initiatives to demonstrate what today's theoretical and practicing economists are accomplishing in the spirit of Adam Smith's moral sentiments: the institutional reform of transitional and developing economies; the financing of new technological, medical, and educational initiatives; and the economic revival of cities. Capitalism pervades every aspect of our daily life. Peter Dougherty now offers a fascinating peek at its hidden soul.

What will you learn from this book

  1. Adam Smith's Philosophy: The book likely delves into the economic ideas and philosophy of Adam Smith, particularly focusing on his seminal work, "The Wealth of Nations."

  2. Invisible Hand: Expect discussions on the concept of the "invisible hand," a key idea in Smith's work, which describes how individuals pursuing their self-interest unintentionally contribute to the overall well-being of society.

  3. Evolution of the Market System: Dougherty may trace the historical development and transformation of the market system, exploring how it has changed over time.

  4. Market Morality: Considerations of the moral dimensions of the market and how Adam Smith's original ideas have been interpreted and sometimes distorted over the years.

  5. Critiques of Market Economics: The book may discuss critiques and challenges to market economics, examining both historical and contemporary perspectives.

  6. Role of Government: Expect discussions on the role of government in the market system, drawing on Adam Smith's views and how they have been interpreted in modern economic thought.

  7. Globalization and Markets: Insights into the implications of globalization on markets and how it aligns or conflicts with Adam Smith's ideas.

  8. Social and Economic Inequality: Considerations of how market dynamics contribute to or alleviate social and economic inequality, reflecting on Adam Smith's views on the subject.

  9. Market and Human Nature: The book might explore the intersection of the market system with human nature, drawing on Smith's understanding of human behavior and motivations.

  10. Contemporary Relevance: Dougherty may discuss the contemporary relevance of Adam Smith's ideas, considering their application to present-day economic challenges.

Language English
ISBN-10 0471720909
ISBN-13 9780471720904
No of pages 223
Font Size Medium
Book Publisher John Wiley & Sons
Published Date 03 Jun 2005

About Author

Author : Peter J Dougherty

2 Books

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