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Smith's Uniform "Toil and Trouble": A "Vain Subtlety"?

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Author Info

  • Hueckel, G.

Abstract

When we take seriously Smiths's oft-expressed admiration for the "beauty of a systematical arrangement of different observations connected by a few common principles" (WN, V.i.f.25) and seek those"connecting principles" within his own system of thought, his "positive index of welfare" loses its paradoxical air; and Blaug's objection is revealed as yet one more illustration of the miscommunication that can occur when author and reader do not share a common analytical framework.

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Bibliographic Info

Paper provided by Purdue University, Department of Economics in its series Purdue University Economics Working Papers with number 1100.

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Length: 21 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:pur:prukra:1100

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Related research

Keywords: ECONOMIC THEORY ; LABOUR ; SOCIAL WELFARE;

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Cited by:
  1. Robinson, W.T. & Min, S., 1998. "Is the First to Market the First to fail?: Empirical Evidence for Manufacturing Business," Purdue University Economics Working Papers 1115, Purdue University, Department of Economics.

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