Who's Afraid of Adam Smith?
How the Market Got Its Soul
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"Who's Afraid of Adam Smith?" offers a compelling look at the views and opinions of intellectual leaders-inspired by a variety of sources and disciplines, from recombinant genetics to game theory to the new political economies of Europe - who are designing a better functioning capitalism that touches upon everything from the future of social security to combating the trafficking of drugs.
"Peter Dougherty does the near-impossible in this brilliant book . . . [he] makes economics engaging and accessible." --Professor Larry J. Sabato, University of Virginia
In this spirited and timely book, Peter Dougherty shows how economists are drawing on Adam Smith's civic writings to illuminate how the market creates not only fiscal capital, but "social capital." Dougherty demonstrates how Smith's ideas are currently experiencing a renaissance. He then explores several impressive initiatives to demonstrate what today's theoretical and practicing economists are accomplishing in the spirit of Adam Smith's moral sentiments: the institutional reform of transitional and developing economies; the financing of new technological, medical, and educational initiatives; and the economic revival of cities. Capitalism pervades every aspect of our daily life. Peter Dougherty now offers a fascinating peek at its hidden soul.
In this spirited and timely book, Peter Dougherty shows how economists are drawing on Adam Smith's civic writings to illuminate how the market creates not only fiscal capital, but "social capital." Dougherty demonstrates how Smith's ideas are currently experiencing a renaissance. He then explores several impressive initiatives to demonstrate what today's theoretical and practicing economists are accomplishing in the spirit of Adam Smith's moral sentiments: the institutional reform of transitional and developing economies; the financing of new technological, medical, and educational initiatives; and the economic revival of cities. Capitalism pervades every aspect of our daily life. Peter Dougherty now offers a fascinating peek at its hidden soul.
