Harvard Classics

Harvard Classics PDF

Author: Charles W. Eliot

Publisher: Createspace Independent Publishing Platform

Published: 2017-10-25

Total Pages: 628

ISBN-13: 9781979120296

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Adam Smith (5 June 1723 OS (16 June 1723 NS) - 17 July 1790) was a Scottish moral philosopher and a pioneer of political economy. One of the key figures of the Scottish Enlightenment, Adam Smith is best known for two classic works: The Theory of Moral Sentiments (1759), and The Wealth of Nations (1776). The latter is considered his magnum opus and the first modern work of economics. Smith is cited as the "father of modern economics" and is still among the most influential thinkers in the field of economics today.

Adam's Fallacy

Adam's Fallacy PDF

Author: Duncan K. Foley

Publisher: Harvard University Press

Published: 2009-06-30

Total Pages: 284

ISBN-13: 0674027078

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This book could be called "The Intelligent Person's Guide to Economics." The title expresses Duncan Foley's belief that economics at its most abstract and interesting level is a speculative philosophical discourse, not a deductive or inductive science. Adam's fallacy is the attempt to separate the economic sphere of life, in which the pursuit of self-interest is led by the invisible hand of the market to a socially beneficial outcome, from the rest of social life, in which the pursuit of self-interest is morally problematic and has to be weighed against other ends.