19,317 research outputs found

    ADAM SMITH'S OPTIMISTIC TELEOLOGICAL VIEW OF HISTORY

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    Adam 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,

    How Might Adam Smith Pay Professors Today?

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    Adam 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.

    ADAM SMITH'S VIEW OF HISTORY: CONSISTENT OR PARADOXICAL?

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    The 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,

    Children\u27s Book Festival: Adam Rubin

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    Adam Rubin is the author of Those Darn Squirrel

    Adam Smith and Roman Servitudes

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    This 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

    New metric reconstruction scheme for gravitational self-force calculations

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    Inspirals of stellar-mass objects into massive black holes will be important sources for the space-based gravitational-wave detector LISA. Modelling these systems requires calculating the metric perturbation due to a point particle orbiting a Kerr black hole. Currently, the linear perturbation is obtained with a metric reconstruction procedure that puts it in a “no-string” radiation gauge which is singular on a surface surrounding the central black hole. Calculating dynamical quantities in this gauge involves a subtle procedure of “gauge completion” as well as cancellations of very large numbers. The singularities in the gauge also lead to pathological field equations at second perturbative order. In this paper we re-analyze the point-particle problem in Kerr using the corrector-field reconstruction formalism of Green, Hollands, and Zimmerman (GHZ). We clarify the relationship between the GHZ formalism and previous reconstruction methods, showing that it provides a simple formula for the “gauge completion”. We then use it to develop a new method of computing the metric in a more regular gauge: a Teukolsky puncture scheme. This scheme should ameliorate the problem of large cancellations, and by constructing the linear metric perturbation in a sufficiently regular gauge, it should provide a first step toward second-order selfforce calculations in Kerr. Our methods are developed in generality in Kerr, but we illustrate some key ideas and demonstrate our puncture scheme in the simple setting of a static particle in Minkowski spacetime
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