Category: Modern Theory
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Adam Smith, State Formation, and the American Revolution
By: Peter S. Onuf June 20, 2023, Source: https://oll.libertyfund.org/ Adam Smith, the famous Scottish political economist and moral philosopher, was also a profound and prophetic historical thinker who charted the progress of Western civilization from its “barbarous” beginnings to its culmination in the prosperity, politeness, and power of his own eighteenth-century Britain. Smith conjectured in…
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ADAM SMITH AND ECONOMIC DEVELOPMENT IN THEORY AND PRACTICE: A REJECTION OF THE STADIAL MODEL?
Published online by Cambridge University Press: 14 February 2022 Maria Pia Paganelli Abstract Adam Smith allegedly offers a model of economic development in both his Lectures on Jurisprudence and the Wealth of Nations—the so-called four stages of development model. The model presents a linear unfolding view of economic development from primitive to advanced stages. But Smith’s own historical examples…
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ADAM SMITH AND STADIAL THEORY – Search Speaking of Smith…
John Burrow, 1/19/2020, January 20, 2020 source: https://www.adamsmithworks.org/ Not only was this Stadial Theory of civilization helpful for understanding history and the past, it also allowed Smith to make sense of Scotland’s political, economic, and social transformations in the 18th century. Adam Smith, along with other Scottish Enlightenment figures such as David Hume and Adam…