{"title":"Schumpeter's Assessment of Adam Smith and 'The Wealth of Nations': Why He Got It Wrong","authors":"A. Ortmann, David Baranowski, Benoît Walraevens","doi":"10.2139/ssrn.2714146","DOIUrl":null,"url":null,"abstract":"In his History of Economic Analysis, Joseph Schumpeter (Schumpeter 1954a) dismissed Adam Smith’s Nature and Causes of the Wealth of Nations (Smith 1976) in a blunt and ad hominem manner. We argue that Schumpeter’s assessment resulted from his failure to appreciate the rhetorical structure of Smith’s masterpiece, a failure largely due to Schumpeter not having access to student notes of Smith’s lectures on rhetoric that surfaced only after Schumpeter’s death.","PeriodicalId":180753,"journal":{"name":"UNSW: Economics (Topic)","volume":"221 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2018-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"4","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"UNSW: Economics (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.2714146","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 4
Abstract
In his History of Economic Analysis, Joseph Schumpeter (Schumpeter 1954a) dismissed Adam Smith’s Nature and Causes of the Wealth of Nations (Smith 1976) in a blunt and ad hominem manner. We argue that Schumpeter’s assessment resulted from his failure to appreciate the rhetorical structure of Smith’s masterpiece, a failure largely due to Schumpeter not having access to student notes of Smith’s lectures on rhetoric that surfaced only after Schumpeter’s death.
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