Adam Smith's Legacy: His Place in the Development of Modern Economics

By Michael Fry | Go to book overview

CONTENTS
List of figuresviii
List of tablesix
Forewordxi
1 THE OVERDUE RECOVERY OF ADAM SMITH'S REPUTATION AS AN ECONOMIC THEORIST
Paul A. Samuelson, Nobel laureate 1970 1
Indeterminacy from too many 'residuals'?3
How Smith withstands Marx's doubts4
Smith as merely a supply and demand monger5
Avoiding over-concrete implicit inference6
Ricardo's main beef8
Adam Smith's bloomer?10
2 SMITH'S USE OF DATA
Lawrence R. Klein, Nobel laureate 1980 15
3 THE GENERAL THEORY OF SURPLUSES AS A FORMALIZATION OF THE UNDERLYING THEORETICAL THOUGHT OF ADAM SMITH, HIS PREDECESSORS AND HIS CONTEMPORARIES
Maurice Allais, Nobel laureate 1988 29
Smith's underlying fundamental theoretical analysis in the general context of economic thought in the eighteenth century30
The general theory of surpluses and the model of an economy of markets39
The model of an economy of markets versus the market economy model of the contemporary literature45
Overview55

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