Adam Smith
Essays on Adam Smith’s Original Contributions to Economic Thought and the Parallels with the Economic Thought of John Maynard Keynes
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About the Book
Adam Smith’s original, path breaking work on decision making, uncertainty and public policies to minimize the impact of uncertainty in the economy has been overlooked for well over two hundred years. One need only peruse the badly analyzed work of Smith in this area as presented by Henry D MacLeod in his The Elements of Political Economy on pp.212-220 or Henry Sidgwick’s The Principles of Political Economy on pp.359-361, as well as the misevaluations of Smith’s contributions made by Jacob Viner in 1927, Joseph Schumpeter in 1954, Murray Rothbard in 1995, or Salim Rashid in 1998 to realize that Smith’s important contributions were never recognized. The claim that Smith made no original contributions to economic theory or economics is simply false.
About the Author
Michael Emmett Brady received his Ph.D. degree in Economics from the University of California. He received his B.A. and M.A. degrees from California State University as well as completing all requirements for a B.A. in Mathematics. He has done graduate level work in mathematics