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Who's Afraid Of Adam Smith?
How the Market Got Its Soul
Publisher: Wiley, 2002 , 223 pages
ISBN: 0-471-18477-2
Synopsis:
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In this spirited and timely book, Peter Dougherty shows how economists are drawing on Adam Smith's civic writings to illuminate how the market creates not only fiscal capital, but "social capital". Dougherty demonstrates how Smith's ideas are currently experiencing a renaissance. He then explores several impressive initiatives to demonstrate what today's theoretical and practicing economists are accomplishing in the spirit of Adam Smith's moral sentiments: the institutional reform of transitional and developing economies; the financing of new technological, medical, and educational initiatives; and the economic revival of cities. Capitalism pervades every aspect of our daily life. Peter Dougherty now offers a fascinating peek at its hidden soul.
Table of Contents:
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- Letter Man
- The Instructions
- The Warning
- Little Platoons
- Enlightenment Wonk
- Soul Survivors
- Dragon Slayers
- Comeback Kid
- Kitchen Chemists
- Egg Men
- Urban Outfitters
- Epilogue: Go with the Flow
Reviews:
Who's Afraid Of Adam Smith?
Rating: ********* (Outstanding)
The title of this book could as well be: What they didn't teach you in Macroeconomics…
The author tries to explain both the historical underpinning of Macroeconomics as well as its publishing roots. He makes an excellent example on how to write about complex subjects in a relaxed and explaining way. This is a book that everybody that learns macroeconomics should be forced to read, to get a sense of its place in society.
Deeply recommended!