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- W2000289612 abstract "Adam Smith's The Wealth of Nations is such a rich and generative work that in its study one is certain to find something to capture one's interests. The purpose of this paper is to show that Smith abounds with propositions that even today are applicable to the problems of the developing countries. He is the source of seminal ideas that have become full-blown theories at the hands of latter-day economists. In presenting them it is hoped that the author will not incur Cannan's reproach of using Smith as a mere clothesline on which to hang his own editorial opinions. [Cannan, p. xxi] The emphasis is positive; the time to take Smith to task for shortcomings which may seem obvious after the benefit of two-hundred years of experience should be postponed for another day. It seems somewhat unfair to use modern economic theory retroactively, that is, to test the goodness of fit of ideas that precede the mold used for the test, but this is particularly so in this year of the Wealth's Bicentennial." @default.
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- W2000289612 date "1976-12-01" @default.
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- W2000289612 title "Smith and Undeveloped Nations" @default.
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- W2000289612 doi "https://doi.org/10.1080/00346767600000020" @default.
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