Adam Smith and Modern Economics: From Market Behaviour to Public Choice - Hardcover
Adam Smith and Modern Economics provides a lively introduction to some of the very latest economic concepts and debates reinterpreted from the work of the `father of economics'. Professor West demonstrates the continuing relevance of his work, two centuries after his death, with special emphasis on the inspiration he has given to economic research during the last two decades. Most notable has been the focus in the 1980s on refutable hypotheses in Smith's writing and the work of testing them with systematic data that were not available in his time. It is shown that even Smith's central invisible hand theorem is now being translated into a set of falsifiable predictions and that these have withstood important empirical tests in the late 1980s. The book makes an important contribution by demonstrating the continuing relevance of Smith's work to economics in the late 20th century.
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About the Author:
The late Edwin G. West, formerly Emeritus Professor, Carleton University, Canada
Review:
`. . . an excellent piece of scholarship and a fascinating account of the Principle of the Extended Present in the case of Adam Smith. I do not hesitate to give it the highest recommendation. It will have a broad appeal among economists.' -- Jeffrey T. Young, Southern Economic Journal `A wonderful book, a great read, a superb monograph. . . . it will certainly attract excellent comments.' -- The late Mark Blaug, formerly of the University of London and University of Buckingham, UK `Eddie West's new book is a tour de force.' -- Sir Alan Peacock, Economic Affairs `West brings an impressive command of the work on and by Smith and of the work in Public Choice to his presentation and I commend his book to all who are interested in learning more about Adam Smith.' -- Jerry Evensky, Research in the History of Economic Thought and Methodology `This interesting study shows that Adam Smith's work clearly enjoys a continuous and robust survival.' -- International Review of Adminstrative Sciences
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- PublisherEdward Elgar Publishing
- Publication date1990
- ISBN 10 1852783133
- ISBN 13 9781852783136
- BindingHardcover
- Number of pages224
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