June 1, 2009

OBJECTS IN MIRROR ARE CLOSER TO BACKWARDS THAN THEY APPEAR:

Alpha markets (Robert H Frank, 5/31/09, guardian.co.uk)

Though Adam Smith is ­almost universally regarded as the father of modern economics, most economists will eventually see Charles Darwin's ideas as the true intellectual foundation of our discipline.

So close. But it is, of course, Adam Smith who fathered Darwinism and what Darwin failed to comprehend, though Smith understood it, is that our moral sentiments would mitigate any such crisis rather than exploit it as Natural Selection requires.

Posted by Orrin Judd at June 1, 2009 6:58 AM
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