Page 3 - Moral Sentiments News Today

The University of Glasgow has unveiled a memorial to Father of Economics Adam Smith at its original site.

The University of Glasgow has unveiled a memorial to Father of Economics Adam Smith at its original site.

Neoliberalist theory and practice went so horribly wrong because governments that put their faith in markets forgot one word – competition.From the early-1980s, much of the Western world began turning to neoliberalism – a faith in free markets and smaller government.

Neoliberalist theory and practice went so horribly wrong because governments that put their faith in markets forgot one word – competition.

Rite & Reason: There are plenty of theological references in Adam Smith’s work - he refers to ‘the Deity’ and to ‘divine design and providence’.

Richard Kyte: The process of finding out what we really want from life comes through the experience of frustration.

Richard Kyte: The process of finding out what we really want from life comes through the experience of frustration.

The second set of advocates for the book [Theory of Moral Sentiments] I usually find in media outlets, sophisticated media outlets at that, or I hear it over…

That principle, which has been in existence for decades, is not about to change. 

One of the basic principles of economics that was ingrained in my brain 40 years ago at Boys Academy, Simpson, Lagos Island, is the law of demand and supply as espoused by Adam Smith. It simply states that consumer demand for a good or service decreases as the price increases. The higher the demand for