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Adam Smith
Adam Smith (baptized 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. Seen by some as "The Father of Economics"——— or "The Father of Capitalism",———— he wrote two classic works, ''The Theory of Moral Sentiments'' (1759) and '' An Inquiry into the Nature and Causes of the Wealth of Nations'' (1776). The latter, often abbreviated as ''The Wealth of Nations'', is considered his ''magnum opus'' and the first modern work that treats economics as a comprehensive system and as an academic discipline. Smith refuses to explain the distribution of wealth and power in terms of God’s will and instead appeals to natural, political, social, economic and technological factors and the interactions between them. Among other economic theories, the work introduced Smith's idea of absolute advantage. Smith studied social philosophy at the University of Glasgo ...
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The Theory Of Moral Sentiments
''The Theory of Moral Sentiments'' is a 1759 book by Adam Smith. It provided the ethical, philosophical, economic, and methodological underpinnings to Smith's later works, including ''The Wealth of Nations'' (1776), '' Essays on Philosophical Subjects'' (1795), and '' Lectures on Justice, Police, Revenue, and Arms'' (1763) (first published in 1896). Sympathy Smith departed from the "moral sense" tradition of Shaftesbury, Hutcheson, and Hume, as the principle of sympathy takes the place of that organ. "Sympathy" was the term Smith used for the feeling of these moral sentiments. It was the feeling with the passions of others. It operated through a logic of mirroring, in which a spectator imaginatively reconstructed the experience of the person he watches:Smith, Adam (1872). Black, Joseph; Hutton, James (eds.). The Essays of Adam Smith' (6 ed.). London: Alex. Murry & Co. p. 9. Retrieved 21 Jan 2021. As we have no immediate experience of what other men feel, we can form no idea ...
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Scottish National Gallery
The Scottish National Gallery (formerly the National Gallery of Scotland) is the national art gallery of Scotland. It is located on The Mound in central Edinburgh, close to Princes Street. The building was designed in a neoclassical style by William Henry Playfair, and first opened to the public in 1859. The gallery houses Scotland's national collection of fine art, spanning Scottish and international art from the beginning of the Renaissance up to the start of the 20th century. The Scottish National Gallery is run by National Galleries of Scotland, a public body that also owns the Scottish National Gallery of Modern Art and the Scottish National Portrait Gallery. Because of its architectural similarity, the Scottish National Gallery is frequently confused by visitors with the neighbouring Royal Scottish Academy Building (RSA), a separate institution which works closely with the Scottish National Gallery. History The origins of Scotland's national collection lie with the Ro ...
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Thomas Hodgskin
Thomas Hodgskin (12 December 1787 – 21 August 1869) was an English socialist writer on political economy, critic of capitalism and defender of free trade and early trade unions. In the late 19th and early 20th centuries, the term ''socialist'' included any opponent of capitalism, at the time defined as a construed political system built on privileges for the owners of capital. Biography Hodgskin's father. who worked at the British Admiralty dock stores, enrolled him in the navy at the age of 12. Coming into conflict with the naval discipline of the time, Hodgskin was retired by the Navy at the age of 25. Publication of his ''Essay on Naval Discipline'' brought Hodgskin to the attention of radicals such as Francis Place. In 1815 Hodgskin travelled in France and Germany, experiences which he later documented in his ''Travels in the North of Germany''. Entering the University of Edinburgh for study, Hodgskin later came to London and entered the utilitarian circle arou ...
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Georg Wilhelm Friedrich Hegel
Georg Wilhelm Friedrich Hegel (; ; 27 August 1770 – 14 November 1831) was a German philosopher. He is one of the most important figures in German idealism and one of the founding figures of modern Western philosophy. His influence extends across the entire range of contemporary philosophical topics, from metaphysical issues in epistemology and ontology, to political philosophy, the philosophy of history, philosophy of art, philosophy of religion, and the history of philosophy. Born in 1770 in Stuttgart during the transitional period between the Enlightenment and the Romantic movement in the Germanic regions of Europe, Hegel lived through and was influenced by the French Revolution and the Napoleonic wars. His fame rests chiefly upon '' The Phenomenology of Spirit'', ''The Science of Logic'', and his lectures at the University of Berlin on topics from his '' Encyclopedia of the Philosophical Sciences''. Throughout his work, Hegel strove to address and correct the p ...
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Thomas Sowell
Thomas Sowell (; born June 30, 1930) is an American author, economist, political commentator and academic who is a senior fellow at the Hoover Institution. With widely published commentary and books—and as a guest on TV and radio—he became a well-known voice in the American conservative movement and is considered one of the most influential black conservatives. He was a recipient of the National Humanities Medal from President George W. Bush in 2002. Sowell was born in segregated Gastonia, North Carolina, to a poor family, and grew up in Harlem, New York City. Due to poverty and difficulties at home, he dropped out of Stuyvesant High School and worked various odd jobs, eventually serving in the United States Marine Corps during the Korean War. Afterward he took night classes at Howard University and then attended Harvard University, where he graduated ''magna cum laude'' in 1958. He earned a master's degree in economics from Columbia University the next year and ...
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Paul Krugman
Paul Robin Krugman ( ; born February 28, 1953) is an American economist, who is Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for ''The New York Times''. In 2008, Krugman was the winner of the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography. The Prize Committee cited Krugman's work explaining the patterns of international trade and the geographic distribution of economic activity, by examining the effects of economies of scale and of consumer preferences for diverse goods and services. Krugman was previously a professor of economics at MIT, and later at Princeton University. He retired from Princeton in June 2015, and holds the title of professor emeritus there. He also holds the title of Centennial Professor at the London School of Economics. Krugman was President of the Eastern Economic Association in 2010, and is among the most influential ...
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Hugo Kołłątaj
Hugo Stumberg Kołłątaj, also spelled ''Kołłątay'' (pronounced , 1 April 1750 – 28 February 1812), was a prominent Polish constitutional reformer and educationalist, and one of the most prominent figures of the Polish Enlightenment. He served as Deputy Chancellor of the Crown, 1791–92. He was a Roman Catholic priest, social and political activist, political thinker, historian, philosopher, and polymath. Biography Early life Hugo Kołłątaj was born 1 April 1750 in Dederkały Wielkie (now in Western Ukraine) in Volhynia into a family of Polish nobility. Soon after, his family moved to Nieciesławice, near Sandomierz, where he spent his childhood. He attended school in Pińczów. He began his studies at the Kraków Academy, subsequently, Jagiellonian University, where he studied law and gained a doctorate. Afterwards, around 1775 he took holy orders. He studied in Vienna and Italy (Naples and Rome), where he would have encountered Enlightenment philosophy. He is th ...
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Ayn Rand
Alice O'Connor (born Alisa Zinovyevna Rosenbaum;, . Most sources transliterate her given name as either ''Alisa'' or ''Alissa''. , 1905 – March 6, 1982), better known by her pen name Ayn Rand (), was a Russian-born American writer and philosopher. She is known for her fiction and for developing a philosophical system she named Objectivism. Born and educated in Russia, she moved to the United States in 1926. After two early novels that were initially unsuccessful and two Broadway plays, she achieved fame with her 1943 novel, '' The Fountainhead''. In 1957, Rand published her best-known work, the novel ''Atlas Shrugged''. Afterward, until her death in 1982, she turned to non-fiction to promote her philosophy, publishing her own periodicals and releasing several collections of essays. Rand advocated reason as the only means of acquiring knowledge; she rejected faith and religion. She supported rational and ethical egoism and rejected altruism. In politics, she condemned ...
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Murray Rothbard
Murray Newton Rothbard (; March 2, 1926 – January 7, 1995) was an American economist of the Austrian School, economic historian, political theorist, and activist. Rothbard was a central figure in the 20th-century American libertarian movement and a founder and leading theoretician of anarcho-capitalism. He wrote over twenty books on political theory, history, economics, and other subjects. Rothbard argued that all services provided by the "monopoly system of the corporate state" could be provided more efficiently by the private sector and wrote that the state is "the organization of robbery systematized and writ large". He called fractional-reserve banking a form of fraud and opposed central banking. He categorically opposed all military, political, and economic interventionism in the affairs of other nations. According to his protégé Hans-Hermann Hoppe, " ere would be no anarcho-capitalist movement to speak of without Rothbard". Libertarian economist Jeffrey H ...
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Ludwig Von Mises
Ludwig Heinrich Edler von Mises (; 29 September 1881 – 10 October 1973) was an Austrian School economist, historian, logician, and Sociology, sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberalism. He is best known for his work on praxeology studies Bureaucracy (book), comparing communism and capitalism. He is considered one of the most influential economic and political thinkers of the 20th century. Mises emigrated from Austria to the United States in 1940. Since the mid-20th century, libertarian movements have been strongly influenced by Mises's writings. Mises' student Friedrich Hayek viewed Mises as one of the major figures in the revival of classical liberalism in the post-war era. Hayek's work "The Transmission of the Ideals of Freedom" (1951) pays high tribute to the influence of Mises in the 20th century libertarian movement. Mises's Private Seminar was a leading group of economists. Many of its alumni, including Friedri ...
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Friedrich Von Hayek
Friedrich August von Hayek ( , ; 8 May 189923 March 1992), often referred to by his initials F. A. Hayek, was an Austrian–British economist, legal theorist and philosopher who is best known for his defense of classical liberalism. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for their work on money and economic fluctuations, and the interdependence of economic, social and institutional phenomena. His account of how changing prices communicate information that helps individuals coordinate their plans is widely regarded as an important achievement in economics, leading to his prize. Hayek served in World War I during his teenage years and said that this experience in the war and his desire to help avoid the mistakes that had led to the war drew him into economics. At the University of Vienna, he studied economics, eventually receiving his doctoral degrees in law in 1921 and in political science in 1923. He subsequently lived and work ...
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