Who's Afraid of Adam Smith?

Download or read book Who's Afraid of Adam Smith? written by Peter J. Dougherty and published by John Wiley & Sons. This book was released on 2003-04-29 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Peter Dougherty does the near-impossible in this brilliant book .. . [he] makes economics engaging and accessible." --Professor Larry J. Sabato, University of Virginia In this spirited and timely book, Peter Dougherty shows howeconomists are drawing on Adam Smith's civic writings to illuminatehow the market creates not only fiscal capital, but "socialcapital." Dougherty demonstrates how Smith's ideas are currentlyexperiencing a renaissance. He then explores several impressiveinitiatives to demonstrate what today's theoretical and practicingeconomists are accomplishing in the spirit of Adam Smith's moralsentiments: the institutional reform of transitional and developingeconomies; the financing of new technological, medical, andeducational initiatives; and the economic revival of cities.Capitalism pervades every aspect of our daily life. Peter Doughertynow offers a fascinating peek at its hidden soul.