Adam Smith

Latest Posts in Adam Smith

Capitalism and the Collective Survival Enterprise

In his famous book, The Great Transformation(1944), the political economist/ anthropologist/sociologist Karl Polanyi produced a classic critique of the classic liberal (conservative) ideal of free market capitalism that still resonates today. 


The “Right to Life”: It’s Much More Than You Think

The “right to life” is a venerable moral and legal principle that is regularly invoked in debates about abortion, capital punishment, euthanasia, and more.   The philosopher John Locke in his Two Treatises of Government (1690) was the first “modern” theorist to assert the idea of self-evident human rights, including “life, liberty and estate” [i.e., property], while the first public/political assertion of a right to life was in the American Declaration of Independence (1776).


Stakeholder Capitalism: An Idea Whose Time Has Come?

 What do BP, Goldman Sachs, Enron, World Com, Bernie Madoff, and a long list of other “malefactors of great wealth” (to borrow a pejorative from President Theodore Roosevelt) all have in common?