Details

Autor(en) / Beteiligte

• Godart-Van der Kroon, Annette

Titel

Adam Smith, the “Adam Smith problem” and his influence

Ist Teil von

• Schumpeter discussion papes : 2024,1 (Alle Bände)

Ort / Verlag

Wuppertal : Bergische Universität Wuppertal

Erscheinungsjahr

April 2024

Beschreibungen/Notizen

• Open Access
• eng: On the occasion of Adam Smith's 300th birthday, commemorated in 2023, this contribution discusses some of his positions and their effects, particularly with regard to the present day, and addresses issues such as the so-called “Adam Smith problem”. After an outline of Smiths central positions on liberalism, his relationship to some of his contemporary thinkers will be discussed. An assessment is made of the connection between real or apparent contradictions between Smiths major works, The Theory of Moral Sentiments and Wealth of Nations (the Adam Smith Problem), which is followed by some reflections on the famous “invisible hand”. Finally, assessments of Smiths theory by Friedrich A. von Hayek and Ludwig von Mises are presented and an evaluation of his theory from todays perspective is made on the basis of the various reactions to his work.
• Gesehen am 06.05.2024