Gawker (Free subscription) | 09/05/2008
newVideoPlayer("/Romney_Speech.flv", 506, 423,""); I always find it so unsatisfying when Democrats talk about the economy in speeches. Barack Obama's speech last week, while good, was long on...
Adam Smith's Lost Legacy (Free subscription) | 09/05/2008
Al Robinson , 5 September, The Daily Reckoning (Australia) writes “ Gold is the Oldest Form of Wealth ” ( HERE ): “ Well, gold has meant 'wealth' for ages. Before the economic revolution in the 18th Century, the two ideas were inseparable. If you wanted wheat you went and found some wheat. If you wanted wealth you went and found some gold. This was before economists began to toss around other ideas...
The BLT: The Blog of Legal Times (Free subscription) | 09/04/2008
Over at Adam Smith, Esq., the always-illuminating blog on law firm economics, is a sharp take on the latest Global Capital Markets Report by McKinsey & Company. As blogger Bruce MacEwen reports, McKinsey is forecasting accelerated growth in investment banking...
Tax Research UK (Free subscription) | 09/02/2008
My column on TaxationWeb continues. Right now it’s intro reads: Richard Murphy considers some of the principal tenets of the UK taxation system and asks if they are in need of a serious overhaul. Which is fair enough; that’s exactly what I do, and suggest it’s time we laid Adam Smith to rest when it comes to [...] ShareThis
Adam Smith's Lost Legacy (Free subscription) | 09/02/2008
There is discord in ‘the green mountain state’ of Vermont according to the VermontTiger.com HERE : Following my comments on the Rutland Herald , Vermont, yesterday ("Workers Deserve Better"; Lost Legacy) the Vermont Tiger opines with: “Discovering Adam Smith”: “The Rutland Herald editorial page has managed to work itself into a lather this lovely Labor Day weekend. The paper's editors think rich people...
Adam Smith's Lost Legacy (Free subscription) | 09/01/2008
Economist’s View ( Mark Thoma’s popular Blog) HERE : kindly cites my comments (‘ Adam Smith and the Liberating Force of the Division of Labour ’ (below) on Daniel Bulone’s article: ‘ Adam Smith: Machine Minded Misanthrope or Merry Man of Manufacture ’. His Blog also attracts some comments from other readers. See also Michael W. Kruse on his Blog: Kruse Chronicle ( HERE ) for a citation to Adam Smith’s...
Economist's View (Free subscription) | 09/01/2008
Gavin Kennedy at Adam Smith's Lost Legacy says Adam Smith was "on the side of the labourers on the issues that mattered most to them: higher wages are preferred to lower wages, a point worth remembering, I think, on Labour...
Adam Smith's Lost Legacy (Free subscription) | 09/01/2008
Daniel Bulone writes in Tunnel Vision (‘Observations on Exchange’), 1 September: “ Adam Smith: Machine-Minded Misanthrope or Merry Man of Manufacture?” HERE : “ Adam Smith lived in a time when industry was on the verge of revolution. A unique relationship between workers and machines had begun, one in which the two worked together, in an almost equal partnership, to produce marketable goods. This leads...
ecrisis (Free subscription) | 09/01/2008
VOTE NO to Communism August 31, 2008 Rafael Correa has pronounced that Adam Smith is dead- no longer welcome in Ecuador. Of course he has rolled out the welcome mat for every criminal and every dirty actor in the universe while proclaiming that neo liberalism had a long night and it is now over. In other words, mankind's highest and best enlightened steps to elevating quality of life is now banished/barred/killed...
Kruse Kronicle (Free subscription) | 09/01/2008
Gavin Kennedy at Adam Smith's Lost Legacy tirelessly monitors representations of Adam Smith's writings in the media. The misuse of the "invisible hand" metaphor is on of most frequent topics. Smith used the metaphor once in Theory of Moral Sentiments...
Kiwiblog (Free subscription) | 09/01/2008
Adam Smith points out that both the NZ Herald and Radio NZ have repeated the incorrect assertion in Labour’s press release that Jacinda Ardern’s employer (Sir Ronnie Flanagan) is the UK Home Secretary. What has happened to fact checkers in the media? Sir Ronald is in fact not even an MP. He is a professional cop working [...]
Grasping Reality with Both Hands (Free subscription) | 08/31/2008
Adam Smith: > The theory of moral sentiments: Let us suppose that the great empire of China... was suddenly swallowed up by an earthquake.... [How would] a man of humanity in Europe... be affected upon receiving intelligence of this dreadful calamity[?] > He would... express very strongly his sorrow for the misfortune... make many melancholy reflections upon the precariousness of human life... the...
Adam Smith's Lost Legacy (Free subscription) | 08/31/2008
I am always suspicious of essay writing Blogs that students may use (for a fee) to build their essay around (some hope!), but more likely simply lift and send in as their own work. The worse comment I can make on this practice is that their tutors, presumably read the ‘essay’ and grade it, apparently without noticing that it is not their student’s work but an essay writing agency’s. I read one (‘ Adam...
Adam Smith's Lost Legacy (Free subscription) | 08/30/2008
In the Brisbane Times (30 August) HERE : “Nature and the Altruism Gene” “ Capitalism, Darwinism and democracy share not only a reliance on competitive self-interest but a presumption that self-interest works - or can be made to work - for the common good. As America's patron saint Adam Smith so memorably wrote in The Wealth of Nations, "it is not from the benevolence of the butcher, the brewer or the...
Adam Smith's Lost Legacy (Free subscription) | 08/30/2008
There are errors and there are double errors in proposing policies in economics. Here’s a typical week-end one: Matthew Hisrich writes in Pal-item.com ( HERE ): ‘ From bananas and prunes, lessons for an election year’ (30 August) “The only response that makes sense now is to begin a major overhaul of how we produce and consume potassium in this country. To put it bluntly, we are addicted to bananas....
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It was a press release mistake. End of. Sorry to burst the conspiracy bubble.
anonymous - 09/03/2008