Adam Smith

Latest Posts in Adam Smith

Shareholder Capitalism vs. Stakeholder Capitalism

Shareholder Capitalism vs. Stakeholder Capitalism: two radically different models of capitalism are locked in an historic debate over the future course – and the soul – of liberal societies.  We all have a stake in the outcome. 


Donald Trump and the Law of Unintended Consequences

Donald Trump and the Law of Unintended Consequences --This president provides a notable example of what seems to be a law of nature.


Capitalism and Democracy: Can This Marriage Be Saved?

Capitalism and Democracy:  Can This Marriage Be Saved? It’s an odd-couple, with deeply conflicting social values.  Though they have been living together for many centuries, the strains are increasing; their relationship may now be in jeopardy.


Capitalism and the Collective Survival Enterprise

In his famous book, The Great Transformation(1944), the political economist/ anthropologist/sociologist Karl Polanyi produced a classic critique of the classic liberal (conservative) ideal of free market capitalism that still resonates today. 


The “Right to Life”: It’s Much More Than You Think

The “right to life” is a venerable moral and legal principle that is regularly invoked in debates about abortion, capital punishment, euthanasia, and more.   The philosopher John Locke in his Two Treatises of Government (1690) was the first “modern” theorist to assert the idea of self-evident human rights, including “life, liberty and estate” [i.e., property], while the first public/political assertion of a right to life was in the American Declaration of Independence (1776).