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Adam Smith, an economist too often read as a blunt apologist for all aspects of consumer society, but in fact one of its more subtle and visionary analysts. In his The Wealth of Nations, Smith seems at points willing to concede to key aspects of Mandeville’s argument: consumer societies do help the poor by providing employment based around satisfyi
... See moreAlain De Botton • The School of Life: An Emotional Education
... See moreAdam Smith, is commonly known as the Father of Capitalism. Perhaps more than anyone, the hyper-individualistic, self-interested money-obsessed world we live in today is linked to him and his theories of how free markets and competition generate prosperity. But Smith didn't believe greed for wealth was the ultimate driver of economies. He thought so
How Adam Smith Can Change Your Life: An Unexpected Guide to Human Nature and Happiness
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In the eighth chapter of its first volume, Smith made the following novel argument: when a landlord, a weaver, or a shoemaker has greater profits than he needs to maintain his own family, he uses the surplus to employ more assistants, in order to further increase his profits. The more profits he has, the more assistants he can employ. It follows th
... See moreYuval Noah Harari • Sapiens
Darwin’s greatest single influence was Adam Smith. Smith believes in the ‘invisible hand’ of the market. He says it