Adam Smith's Mistake
Download or Read eBook Adam Smith's Mistake PDF written by Kenneth Lux and published by Shambhala Publications. This book was released on 1990 with total page 252 pages. Available in PDF, EPUB and Kindle.
Author | : Kenneth Lux |
Publisher | : Shambhala Publications |
Total Pages | : 252 |
Release | : 1990 |
ISBN-10 | : STANFORD:36105034791033 |
ISBN-13 | : |
Rating | : 4/5 (33 Downloads) |
Book Synopsis Adam Smith's Mistake by : Kenneth Lux
Book excerpt: Adam Smith saw self-interest as the driving motivation of human affairs. Lux traces the failure of societies based on self-interest, from the misery of Charles Dicken's England, through the Great Depression, to the culture of narcissism of the past decade. He shows how Smith, and the economists who followed him, made a fundamental mistake: self-interest by itself leads to social strife, ecological damage, and the abuse of power. By recognizing Smith's mistake, we as a society can move forward to a time when benevalence rather than greed becomes the economic motivation of our society.