Month: October 2014
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A Theory of Economic Development
If I had to give the Most Underrated Professor Award to anyone I studied under, it would easily have to be Professor Meir Kohn. His work falls squarely outside the paradigm of mainstream economics, which (coming from me anyway) could not be a higher compliment – yet also makes it difficult to get traction inside…
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(Partial) Summary of A Theory of Moral Sentiments
Adam Smith is best known for being the father of modern economics with the publishing of his magnum opus The Wealth of Nations. Far fewer people know about his second most famous book A Theory of Moral Sentiments (which, incidentally, is where the term “invisible hand” actually comes from). While the book is nominally about moral philosophy,…