This presentation explores Vilfredo Pareto's relationship with Adam Smith and how the former engaged with, criticized, and built upon Smith’s ideas in his own economic theories. In Mosca (2018) I aimed to demonstrate the Italian marginalists’ desire to be seen as continuing the classical tradition, with their stated theoretical goal being to translate the classical theories into more rigorous...
The distinctive feature of Adam Smith’s analysis on the progress of wealth is to incorporate a clear vision on equality, namely the association of the progressive state with an increase in per-capita income.
After illustrating Smith's perspective, the study will analyze how development economists approached the issue of income and wealth distribution in relation to their concept of...
In 2020, the Edinburgh Slavery and Colonialism Legacy Review Group proposed the removal of a series of monuments dedicated to distinguished Scottish personalities who allegedly supported colonialism and slavery. At first, Adam Smith was included in the list because of his alleged proposal “to moderate slavery and improve its profitability with wages”.
Actually, Smith was a well-known...
