Even today-in blithe disregard to his actual philosophy-Smith is generally regarded as a conservative economist, whereas in fact, he is more avowedly hostile to the motives of businessman then most New Deal economists.
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Chapter III, Adam Smith, p. 62Robert Heilbroner
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Even today — in blithe disregard of his actual philosophy — Smith is generally regarded as a conservative economist, whereas in fact, he was more avowedly hostile to the motives of businessmen than most New Deal economists.
Adam Smith
Adam Smith was the first academic economist; and his career is not very different from that of many economists in the last hundred and fifty years.
Adam Smith
To me personally the only function of philosophy is to teach us to take life more lightly and gayly than the average businessman does, for no businessman who does not retire at fifty, if he can, is in my eyes a philosopher.
Lin Yutang
Adam Smith, who has strong claim to being both the Adam and the Smith of systematic economics, was a professor of moral philosophy and it was at that forge that economics was made. Even when I was a student, economics was still part of the moral sciences tripos at Cambridge University. It can claim to be a moral science, therefore, from its origin, if for no other reason. Nevertheless, for many economists the very term “moral science” will seem like a contradiction. We are strongly imbued today with the view that science should be wertfrei and we believe that science has achieved its triumph precisely because it has escaped the swaddling clothes of moral judgment and has only been able to take off into the vast universe of the “is” by escaping from the treacherous launching pad of the “ought.” Even economics, we learn in the history of thought, only became a science by escaping from the casuistry and moralizing of medieval thought.
Kenneth Boulding
If there was anyone who actually fit the category of conservative, if there was such a category of people, they would have a very easy way to deal with the fact that 60% of the children under 2 [in Nicaragua] are suffering probable brain damage. Namely, by paying their debts. Simple conservative principle. But that's beyond unthinkable. Compassionate conservatives might want to go beyond that, if they existed. But they're much more interested in making political capital over the fact that a woman in a vegetative state shouldn't be allowed to die in dignity.
Noam Chomsky
Heilbroner, Robert
Heimel, Cynthia
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