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Full-Text Articles in Arts and Humanities
Adam Smith And Greed, Jonathan B. Wight
Adam Smith And Greed, Jonathan B. Wight
Economics Faculty Publications
The virtues of greed have been widely promoted by some economists in the 20th century. Allegedly it is Adam Smith who provides this new dignity to greed (Lerner, 1937, ix). Kenneth Arrow and Frank Hahn in the General Equilibrium Analysis (1971), for example, implicitly assume that Adam Smith's self-interest is the greed that promotes economic efficiency (quoted in Evensky, 1993, 203). Walter Williams (1999), a devoted follower of Smith, writes in his column that, "Free markets, private property rights, voluntary exchange, and greed produce preferable outcomes most times and under most conditions." These pronouncements have become part of the cultural …
Assessing The State Of Black America In Terms Of Black Buying Power From 1990 To Present, Samina J. Mcgill
Assessing The State Of Black America In Terms Of Black Buying Power From 1990 To Present, Samina J. Mcgill
Seton Hall University Dissertations and Theses (ETDs)
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