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Who's Afraid of Adam Smith?: How the Market Got Its Soul

ISBN: 978-0-471-72090-4
223 pages
May 2005
"Peter Dougherty does the near-impossible in this brilliant book . . . [he] makes economics engaging and accessible."
--Professor Larry J. Sabato, University of Virginia

In this spirited and timely book, Peter Dougherty shows how economists are drawing on Adam Smith's civic writings to illuminate how the market creates not only fiscal capital, but "social capital." Dougherty demonstrates how Smith's ideas are currently experiencing a renaissance. He then explores several impressive initiatives to demonstrate what today's theoretical and practicing economists are accomplishing in the spirit of Adam Smith's moral sentiments: the institutional reform of transitional and developing economies; the financing of new technological, medical, and educational initiatives; and the economic revival of cities. Capitalism pervades every aspect of our daily life. Peter Dougherty now offers a fascinating peek at its hidden soul.

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1. Letter Man.

2. The Instructions.

3. The Warning.

4. Little Platoons.

5. Enlightenment Wonk.

6. Soul Survivors.

7. Dragon Slayers.

8. Comeback Kid.

9. Kitchen Chemists.

10. Egg Men.

11. Urban Outfitters.

Epilogue: Go with the Flow.




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PETER J. DOUGHERTY is Publisher and Senior Economics Editor of Princeton University Press. His occasional writings have appeared in the Los Angeles Times, the Journal of Economic Literature, Economics and Portfolio Strategy, the Chronicle of Higher Education, and the American Sociologist.
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