Economics as a Moral Science: The Political Economy of Adam Smith

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Edward Elgar, Jan 1, 1997 - Business & Economics - 225 pages
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'I suggest that this is a significant work that economists, particularly Christian economists, should take seriously. . . . Young clearly has a great command of the literature on Adam Smith.'
- James Halteman, Association of Christian Economists
'. . . I found Young's arguments both persuasive and compelling in exploring some of the underlying considerations motivating Smith's analysis. . . . What results is a thoughtful volume on the work of Smith, with special attention being given to the role that morals play in his economic system. Although Young asserts that "old Adam Smith problems neither die nor fade away", it is my opinion that Young actually makes the case that there was never much of an Adam Smith problem in the first place.'
- John J. Bethune, University of Tennessee, US
This insightful book offers an original approach to the moral philosophy and economics of Adam Smith. The author proposes new ways of linking Smith's moral theories to his economics, stressing that for Smith, a moral science of economics is not a contradiction in terms, and that moral questions actually lie at the heart of positive and normative economic analysis.

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Contents

The Theory of Moral Sentiments and Political Economy
29
Markets as Social
55
Natural Jurisprudence and the Theory of Value
79
Copyright

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