Smith is not overly concerned with theory, but he does not reject it altogether; instead, he is concerned to elicit general rules from empirical observations, rules that are tentative and ever subject to revision upon further investigation and experience.
Hence, Fleischacker argues persuasively that Smith is not properly part of the natural-law or natural-rights tradition associated with people such as Pufendorf, Grotius, and Locke, despite similarities in conclusions. He is thus an idealization, but, crucially, one based in reality. When Smith in TMS argues that utility is not what immediately recommends to us our moral judgments, he does not thereby imply that utility is irrelevant to those judgments. Fleischacker discusses these matters at length chaps. In both TMS and WN, Smith repeatedly trumpets the folly and viciousness of would-be rulers who falsely believe they possess the requisite knowledge to make such decisions for others.
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Indeed, this insight is one of the central reasons Smith recommends limiting the power that the state and its minions have over ordinary individuals. Fleischacker shows elsewhere for example, chap. Seller Inventory P New Book. Shipped from UK.
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Volume 2, Symposium: Adam Smith's Moral Theory and the Theory of Choice Guest Editor: Elias L. Khalil Elias L. Khalil Introduction: Smith the hedgehog. Vivienne Brown is Professor of Intellectual History, and Head of Economics discipline, at the Open University, UK. She is the author of numerous articles, and .
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View all copies of this ISBN edition:. Synopsis About this title Adam Smith is well recognized as a forefather of modem economics but in recent years scholars have been exploring anew the multidisciplinary nature of his writings. Synopsis : "The Adam Smith Review" provides a unique forum for interdisciplinary debate on all aspects of Adam Smith's works, his place in history, and the significance of his writings for the modern world.
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