Original article History of Economic Thought, Methodology, and Heterodox Approaches

ADAM SMITH ON TWENTIETH-CENTURY FINANCE

Edwin Cannan - no data
Received: 17 Oct 2023
Revised:
Published:
Downloads: 0
Citations: 0
Issue 4/2023
JEL F10;
DOI https://doi.org/10.56497/etj2368405

Abstract

"The advocate of a system is apt to be very wise in his presumption, and is often so enamoured of the supposed beauty of his plan of government that he would not suffer the slightest deviation from it. ... He seems to imagine that he can arrange the various members of a great society with the same ease with which his hand arranges the pieces on the chess-board. He does not consider that the pieces in chess have no other principle of movement than that which the hand imparts to them; but in the great chess-board of human society each individual piece has its own principle of movement, quite different from that which the legislator would presumably choose to impose upon it. If these two principles coincide and act in the same direction, the game of human society will go on smoothly and harmoniously, and in all probability will be happy and successful. If they are opposed or different, the game will go on unhappily, and at every moment society must be in the utmost disorder"

How to cite this article

Cannan, Е. (2023). Adam Smith za finansite na dvadeseti vek. Prevod & belezhki V. Breskovski (Adam Smith on Twentieth Century Finance). Economic Thought Journal, 68(4), 446-462 (in Bulgarian).

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