Download PDF by Sanjaya Lall, Frances Stewart: Theory and Reality in Development: Essays in Honour of Paul

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Extra info for Theory and Reality in Development: Essays in Honour of Paul Streeten

Example text

Tbe bit about 'tbe butcber, tbe brewer or tbe baker',l does little justice to Smitb's views. Note also bas to be taken of Smitb's The Theory 0/ Moral Sentiments as tbe broader work of Smitb, one specific promise of wbicb is 'partly executed' (in Smitb's words) in tbe Wealth 0/ Nations. 2 Tbe latter-day 'Smithians' may have a simple enough message to enbance our wisdom on economic affairs, but Adam Smitb was scarcely capable of sucb beroic simplicity. Tbe tradition of using Adam Smitb for defending simple (and frequently obtuse) political decisions goes back a long time.

11. 317. 12. In Skinner and Wilson,Essays on Adam Smith. 13. 237; italics added. 14. See, for example, Albert Hirschman's discussion of'passions and interests': 'But by the latter part of that century [the eighteenth], the passions were collapsed into interests by Adam Smith who pronounced "the great mob of mankind" to be safely programmed: From the cradle to the grave its members were to be exclusively concerned with "bettering their conditions", (Essays in Trespassing, Cambridge: Cambridge University Press, 1981, p.

Most of all, as one of them, I am grateful to have been a colleague and friend, when we were young, of such a 'verray parfit gentil knight'. NOTE I. I thought to call it 'modelling as you go'. Peter Mayer, who shares Paul Streeten 's understanding of social science and also his semi-detached, semidespairing affection for things British, suggests we call it 'modelling through '. 2 Adam Smith's Prudence AMARTYASEN INTRODUCfION Shakespeare did not say it, but it is true that some men are bom smalI, some achieve smallness, and some have smallness thrust upon them.

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