The Essential Adam Smith by James Otteson (published 2018) is a short but insightful primer on Adam Smith and his seminal contributions to political economy. The book provides some historical details of Smith’s life and work and introduces the reader to important themes in his two-volume magnus opum, The Theory of Moral Sentiments (TMS) and The Wealth of Nations (WN)….
Category: Books
Are economists just calculators?
What are economists doing? What should they be doing? And how should they go about doing their job? Economists don’t often pause and reflect on the nature of their work and the problems they deal with. We economists go about building and running models to solve ‘optimisation’ problems and even predict economic events and outcomes….