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Conclusion: Adam Smith on Market and State

In: Democracy and Exchange

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Abstract

Democracy is the rule of the people. Exchange is supply and demand. Individualism, agreement, tolerance and choice are the underlying values that make possible the productive collaboration of the market and the state. This book assesses the theories of democracy and exchange of five interdisciplinary thinkers who tried to unite political and economic reasoning into a single theory of moderation and pragmatic management.

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  • ., 2005. "Conclusion: Adam Smith on Market and State," Chapters, in: Democracy and Exchange, chapter 12, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3616_12
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    File URL: https://www.elgaronline.com/view/9781845420420.00016.xml
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    Cited by:

    1. Raj Chetty, 2015. "Behavioral Economics and Public Policy: A Pragmatic Perspective," American Economic Review, American Economic Association, vol. 105(5), pages 1-33, May.
    2. Jonathan Cohen & Keith Marzilli Ericson & David Laibson & John Myles White, 2020. "Measuring Time Preferences," Journal of Economic Literature, American Economic Association, vol. 58(2), pages 299-347, June.

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