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On Adam Smith's Wealth of Nations and the Continental (French), Intellectual Connection: There Was a Small, Intellectual Connection

Authors: Michael Emmett Brady;

On Adam Smith's Wealth of Nations and the Continental (French), Intellectual Connection: There Was a Small, Intellectual Connection

Abstract

The common view among economists is that Adam Smith’s technical and economic analysis in the Wealth of Nations (1776) was not original and/or had been borrowed, much without proper credit or citation being made to the original authors. Smith’s contribution was taking the works of others and integrating it into a systematic whole. This claim is demonstrated to be false. Much of Adam Smith’s work in the Wealth of Nations was highly original and creative. Smith’s work on decision theory, interval valued probability, the uncertainty versus risk divide, and his understanding of who the primary contributors were to the problems of deflation and inflation in the macro economy placed him at least 150 years ahead of any of his contemporaries. It was left to John Maynard Keynes and Joseph Schumpeter to equal and surpass Adam Smith’s contributions to economic theory and decision theory.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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