Publications on Adam Smith
There is 1 publication for Adam Smith.
The Neoclassicals’ Conundrum
Working Paper No. 893 | July 2017
If Adam Smith Is the Father of Economics, It Is a Bastard ChildNeoclassical economists of the current era frequently pay lip service to Adam Smith’s theories to certify the validity of natural-laws-based, laissez-faire policies. However, neoclassical theories are fundamentally disconnected from Adam Smith’s notion of value, his understanding of the economic individual and their interactions in society, his methodology, and the field of study he afforded to political economy. Instead, early neoclassical economists parted ways with the theories of Adam Smith in an effort to construct economic laws that would validate the existing capitalist order as universal, natural, and harmonious.
Download:Associated Program:Author(s):Oscar Valdes Viera