WHO WAS ADAM SMITH?

Ludwig von Mises

Why Read Adam Smith Today?

 

A popular legend calls Adam Smith the Father of Political Economy
and his two great books....epoch-making in economic history as well
as in the evolution of economic thought. However, this is not quite
correct. Smith did not inaugurate a new chapter in social philosophy
and did not sow on land hitherto left uncultivated. His books were
rather the consummation, summarization, and perfection of lines
of thought developed by eminent authors—mostly British—over
a period of more than a hundred years. Smith's books did not lay
the foundation stone, but the keystone, of a marvelous system
of ideas. Their eminence is to be seen precisely in the fact that they
integrated the main body of these ideas into a systematic whole.
They presented the essence of the ideology of freedom, individualism,
and prosperity, with admirable logical clarity and in an impeccable
literary form.

http://www.mises.org/efandi/ch24.asp

 

 

 

 

 

 

 

OK Economics was designed and it is maintained by Oldrich Kyn.
To send me a message, please use one of the following addresses:

okyn@bu.edu --- okyn@verizon.net

This website contains the following sections:

General  Economics:

http://econc10.bu.edu/GENEC/Default.htm

Economic Systems:  

http://econc10.bu.edu/economic_systems/economics_system_frame.htm

Money and Banking:

http://econc10.bu.edu/Ec341_money/ec341_frame.htm

Past students:

http://econc10.bu.edu/okyn/OKpers/okyn_pub_frame.htm

Czech Republic

http://econc10.bu.edu/Czech_rep/czech_rep.htm

Kyn’s Publications

http://econc10.bu.edu/okyn/OKpers/okyn_pub_frame.htm

 American education

http://econc10.bu.edu/DECAMEDU/Decline/decline.htm

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