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Adam Smith and the Contemporary World

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  • A. Sen.

Abstract

In this paper that is a transcript of a lecture held to commemorate the 250th anniversary of Adam Smith’s Theory of Moral Sentiments the author who is a Nobel Prize winner in economics reflects on the relevance of this classic. He shows that Smith proposed a historical approach to institutional transformations as opposed to the authors who tried to advance a system of ideal institutions. The importance of Smith’s views on impartiality in ethical evaluation of social conditions and in building a just society is also emphasized.

Suggested Citation

  • A. Sen., 2011. "Adam Smith and the Contemporary World," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 11.
  • Handle: RePEc:nos:voprec:2011-11-2
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