THE ADAM SMITH ADDRESS: WHAT DIFFERENCE DOES GLOBALIZATION MAKE

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Issue:

Business

 

Written by:

Amy N

 

Date added:

August 7, 2012

 

Level:

University

 

Grade:

B

 

No of pages / words:

11 / 2897

 

Was viewed:

8401 times

 

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In fact, a story about me in the British newspaper The Guardianbore the headline, "Lunch with the irritating professor." It is a great source of comfort to me to know that the members of the NABE, while they may not always agree with everything I say, understand that my polemics have had a serious purpose - that I am not being irritating for its own sake, nor for the sake of the notoriety it brings, but rather because I am trying to rescue economic discourse from the rather sad state into which it has lately fallen...
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This is hardly a new topic; indeed, we might argue that concerns over globalization are where economics as we know it began. As an amateur intellectual historian, I claim that modern economics actually dates from a few years before Adam Smith's Wealth Of Nations; the key breakthrough was not by Adam Smith but by his good friend David Hume, whose Of the balance of trade - which argued that trade imbalances are self-correcting - had many of the key features of good economic analysis...
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