19,191 research outputs found
ADAM SMITH'S OPTIMISTIC TELEOLOGICAL VIEW OF HISTORY
Get PDFAdam Smith's four-stage theory provides the framework for his writings on history. The fourth stage is the commercial epoch; the culmination of history in this stage is a key component in the conventional interpretation of Adam Smith as a prophet of commercialism. In two historical case studies Smith shows the capacity of commercial society to regenerate itself. This potent capacity suggests that commercial society is inevitable. At a certain point in time it also overcomes the major obstacles to its permanence. Smith's philosophy of history anticipates the end of history views of Kant and Hegel.Political Economy,
ADAM SMITH'S VIEW OF HISTORY: CONSISTENT OR PARADOXICAL?
Get PDFThe conventional interpretation of Adam Smith is that he is a prophet of commercialism. The liberal capitalist reading of Smith is consistent with the view that history culminates in commercial society. The first part of the article develops this optimistic interpretation of Smith's view of history. Smith implies that commercial society is the end of history because 1) it supplies the ends of nature that he identifies; 2) it is inevitable; and 3) it is permanent. The second part of the article shows that Smith has some dark moments in his writings where he seems to reject completely such teleological notions. In this more civic humanist mood he confesses that commercial society does not supply the ends of nature, nor is it inevitable, nor is it permanent. Both views exist in Smith and the commentator is forced to choose between passages in Smith's work in order to support a particular interpretation of the former's view of history.Political Economy,
Adam Smith on public expenditure and taxation
Get PDFThis paper presents Adam Smith’s view on taxation and public expenditure, by means of an almost literal reading of the Wealth of Nations famous passages on the "duties of the sovereign" and on the "maxims of taxation". Contrarily to the commonest usage of these passages, we will show that their core is the preoccupation with the public expenditure soaring and the defence of decentralisation. Furthermore and also contrarily to the existing interpretations we defend the non-existence of any contradiction between Smith’s income and price theory (and the incidence hypothesis), provided due attention is paid to the guiding role of the "maxims".Adam Smith, taxation, public expenditure
How Might Adam Smith Pay Professors Today?
Get PDFAdam Smith’s proposal for paying professors was intended to induce increased faculty knowledge. If students have imperfect information about what they learn, and universities can only imperfectly measure the input of faculty time in student learning, publications may be used to measure faculty knowledge. If professors’ ability to publish is positively related to their ability to produce student learning, which universities can imperfectly measure, publications may be necessary to attract more able professors. Since research signals faculty knowledge, schools that do not value publications per se could require higher publication standards and pay higher wages than schools that value only publications.
Detection of cracks in metal sheets using pulsed laser generated ultrasound and EMAT detection
Get PDFA pulsed Nd: YAG laser with an approximately Gaussian beam shape is directed onto the surface of an aluminium sheet at an energy density below which damage by laser ablation occurs, generating Lamb waves in the sheet. The laser beam is raster scanned across the surface of the sample. The Lamb waves travel radially outwards from the generation point and are detected some distance away by an electromagnetic acoustic transducer with sensitivity to in-plane displacements of the sheet. A number of static EMATs are located around the edges of the sheet, some distance from the generation point. The presence of a crack-like defect on the sheet can be detected by either a sudden change in the ultrasonic waveform or by an enhancement in the frequency content of the waveform when the laser beam illuminates directly onto the crack
Adam Smith and Roman Servitudes
Get PDFThis essay is a preprint of an article that appeared at: Tijdschrift voor Rechstsgeschiedenis, 72 (2004), 327–57.This essay discusses Adam Smith historical jurisprudence and his use of Roman law materials in his Lectures on Jurisprudence. It argues that Smith found it difficult to maintain his theory of legal development in the face of a highly developed body of Roman law literature
THE THEOLOGICAL FOUNDATION OF ADAM SMITH'S WORK
Get PDFThe paper will discuss the theological foundation to Smith's writings. Teleology, final causes and divine design were initially seen as central to understanding Smith's writings. Over time, this view fell out of fashion. In the period after World War II, with the rise of positivism, commentators tended to overlook or downplay this interpretation. In the last decade, or so, teleology has started to be restored to its former position as an essential element in understanding Smith. After spelling out Smith's teleology and his view of final causes, divine design and the ends of nature, we try to explain the Panglossian nature of the 'new theistic view' of Smith. While our view differs somewhat, we agree with the essence of the 'new view' claim: a theological view exists in Smith which underpins his moral and economic theories.Political Economy,
Interview. Matthew Joseph with Adam Gussow, musician and author
Get PDFInterview in which Adam Gussow discusses hill country blues musi
Trade justice and individual consumption choices : Adam Smith's spectator theory and the moral constitution of the Fair Trade consumer
Get PDFA consistent theme of the existing literature is that fair trade consumption practices represent acts of justice. In this article I investigate such an equation from the perspective of the moral theory of Adam Smith. Smith explains the development of moral sensibilities via an imaginative act he calls `sympathy'. For Smith, justice prevails in interpersonal relationships in which the potential for one person to do harm to another is ruled out because their respective imaginations are in perfect accord, thus creating a situation of mutual sympathy. I advance two main conclusions. First, I argue that fair trade consumption is undoubtedly a moral act in the manner described by Smith, as it involves consumers responding to fair trade campaigns in order to trigger their moral sensibilities through exercising their imaginative faculties. Second, though, I argue that fair trade consumption is not specifically a moral act of justice in the manner described by Smith. The structure of fair trade invites the First World consumer to display sympathy for the Third World producer, but it provides no means for that sympathy to be reciprocated. As such, instances of genuine mutual sympathy do not arise. From a Smithian perspective, fair trade consumption practices are an act of beneficence rather than an act of justice. They thereby reside in the realm of private virtue rather than the realm of public duty, with significant implications for the way in which trade justice is conceptualized and studied in IPE
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