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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 Ekonomiki, NP Voprosy Ekonomiki, issue 11.
    • Handle: RePEc:nos:voprec:y:2011:id:1126
    DOI: 10.32609/0042-8736-2011-11-25-37
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