MedWorm provides a medical RSS filtering service. Over 6000 RSS medical sources are combined and output via different filters. This feed contains the latest medical blog items that have been tagged with 'adam smith'. Sat, 03 Sep 2011 02:38:43 +0100 http://www.medworm.com/index.php?rid=4753668&cid=t_150058_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2F36gArqmjjoY%2F By David BoazThat’s what Michael Gerson, former speechwriter for President George W. Bush, writes in the Washington Post. I take a different view in my new column at the Encyclopedia Britannica Blog: Libertarians want to live in what Adam Smith called the Great Society, the complex and productive society made possible by social interaction. We agree with George Soros that “cooperation is as much a part of the system as competition.” In fact, we consider cooperation so essential to human flourishing that we don’t just want to talk about it; we want to create social institutions that make it possible. That is what property rights, limited government, and the rule of law are all about…. The American, and libertarian, belief in freedom is not a “mania,” nor is it “sel... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=4753668 Tue, 26 Apr 2011 18:34:52 +0100 4753668 http://www.medworm.com/index.php?rid=4565883&cid=t_150058_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FlRuMFq38nnI%2F By Caleb O. BrownToday marks the 235th anniversary of Adam Smith's An Inquiry into the Nature and Causes of the Wealth of Nations, otherwise known as The Wealth of Nations. I chatted with GMU economics professor Russ Roberts on the book and its enduring impact. This is the first of a two-part discussion: And you might as well subscribe to the podcast via iTunes or your RSS reader. A Happy Birthday to The Wealth of Nations is a post from Cato @ Liberty - Cato Institute Blog (Source: Cato-at-liberty) Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=4565883 Wed, 09 Mar 2011 21:09:43 +0100 4565883 http://www.medworm.com/index.php?rid=4549740&cid=t_150058_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FvPmlMaPLIdY%2F By David BoazIn the Richmond Times-Dispatch, Barton Hinkle notes that the Virginia General Assembly has just passed "tough new regulations on abortion clinics." And Suddenly, outraged liberals are sounding remarkably like libertarian advocates of laissez-faire capitalism and the industries they defend. For instance, abortion-rights supporters already are warning that the heavy hand of government will impose requirements so absurd and so economically burdensome that they will force clinics to close their doors. "What they'll do is put a burden of extra cost that is not backed up by sound science," said one abortion provider who spoke on condition of . . . whoops! Actually, those were the words of Alva Carter Jr., chairman of a New Mexico dairy industry group, who was protesting new groundwa... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=4549740 Fri, 04 Mar 2011 14:32:46 +0100 4549740 http://www.medworm.com/index.php?rid=3813033&cid=t_150058_109_f&fid=34750&url=http%3A%2F%2Fpsychcentral.com%2Fblog%2Farchives%2F2010%2F08%2F02%2Fall-you-need-is-love-and-compassion%2F When there is no enemy within, the enemies outside cannot hurt you. — African Proverb Although I am in the business of hope through understanding, hot meteors of negativity break through the atmosphere of my serenity and occasionally derail me. I am jealous, angry or judgmental, or sometimes indifferent or overwhelmed. But more often than not these uncomfortable feelings are not meteors at all. They aren’t streaking across my mind and crashing into my psyche. Rather, they are a thick, murky fog of thoughts and feelings that slowly but steadily eclipse my optimism. And that’s only half of it. Then I feel bad for having the thoughts. This makes it worse. Now, regardless of the form they come in, the conflict moves to an inner theater. I’m aggravated at whatever got me going in t... World of Psychology blogs http://www.medworm.com/rss/comments.php?id=3813033 Mon, 02 Aug 2010 11:08:34 +0100 3813033 http://www.medworm.com/index.php?rid=3632256&cid=t_150058_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FWlvM2M8V6i0%2F By Justin Logan“In great empires the people who live in the capital, and in the provinces remote from the scene of action, feel, many of them scarce any inconveniency from the war; but enjoy, at their ease, the amusement of reading in the newspapers the exploits of their own fleets and armies.  To them this amusement compensates the small difference between the taxes which they pay on account of the war, and those which they had been accustomed to pay in time of peace.  They are commonly dissatisfied with the return of peace, which puts an end to their amusement, and to a thousand visionary hopes of conquest and national glory, from a longer continuance of the war.” - Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, Book 5, Chapter 3 (Source: Cato-a... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=3632256 Fri, 04 Jun 2010 20:07:22 +0100 3632256 http://www.medworm.com/index.php?rid=3197610&cid=t_150058_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2F46Mw8U1RmtU%2F By Daniel GriswoldThis has not been a good week for the national Democratic Party. Along with losing the Massachusetts Senate seat, the party took another step toward making hostility to trade liberalization a plank of party orthodoxy. As my Cato colleague Sallie James flagged earlier today, the Democratic Congressional Campaign Committee issued a press release yesterday criticizing a Republican candidate in upstate New York for contributing to the Cato Institute. And, of course, everyone knows that Cato is “a right wing extremist group that has long been a vocal advocate for extremist, unfair trade policies that would allow companies to ship American jobs overseas.” Among our sins, in the eyes of the DCCC, is that Cato research has supported tariff-reducing trade agreements, such as t... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=3197610 Thu, 21 Jan 2010 21:23:51 +0100 3197610 http://www.medworm.com/index.php?rid=2999617&cid=t_150058_109_f&fid=36089&url=http%3A%2F%2Fthesituationist.wordpress.com%2F2009%2F11%2F17%2Fthe-situation-of-the-invisible-hand%2F Yesterday, Paul Rosenberg published an intriguing situationist piece at Open Left about the context and meaning of Adam Smith’s “invisible hand.”   Here are some excerpts. * * * What if Adam Smith’s “invisible hand” argument doesn’t mean what we think it means?  What if it doesn’t mean that everything else but the “free market” can and should be ignored?  What if if Smith actually depended on social and historical context in order to make his argument in the first place? What if it was an argument deeply dependent on what . . . The Situationist blog calls “the situation”? In fact, that’s exactly what happened! Recently, Berkeley economist Brad DeLong posted “Yet Another Note on Adam Smith’s &#8216... The Situationist blogs http://www.medworm.com/rss/comments.php?id=2999617 Tue, 17 Nov 2009 04:01:50 +0100 2999617 http://www.medworm.com/index.php?rid=2712071&cid=t_150058_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FoYO4wIrnGSk%2F No, not these kind. Instead, I’m in Stockholm for a meeting of the Mont Pelerin Society, and this gathering of classical liberals (i.e., the Adam Smith types that believe in freedom, not the modern liberals that favor collectivism) has featured some discussion of the Scandinavian social welfare state – often referred to as the Swedish Model. What is particularly interesting is that Sweden is not the left-wing paradise that some imagine. Yes, government is far too big, consuming about 50 percent of economic output. But Sweden also has an extensive system of school choice. Equally remarkable, Sweden has a system of personal retirement accounts. Indeed, if one removed fiscal policy variables from the ratings, Sweden would be more free market than the United States in the Economic ... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=2712071 Tue, 18 Aug 2009 16:17:50 +0100 2712071 http://www.medworm.com/index.php?rid=2637784&cid=t_150058_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FVsdWWchkcao%2F The Pittsburgh Tribune-Review quotes Republican National Committee chairman Michael Steele on how Congress should go about reforming health care: Having Congress reshape health care puts “the wrong people at the table,” Steele said. He said stakeholders — “doctors, lawyers, health care employees, insurance companies” — should develop a solution and present it to Congress, rather than the other way around. Steele needs to brush up on his Adam Smith: People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. Like I said, Jonathan Chait was on to something. (Source: Cato-at-liberty) Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=2637784 Fri, 24 Jul 2009 16:35:38 +0100 2637784 http://www.medworm.com/index.php?rid=2473195&cid=t_150058_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2F5YSZF6r4Fok%2F What is to be done with the nation’s largest financial institutions, 19 of which have been officially designated as “too big to fail?” When thus guaranteed government protection, such institutions can be expected to take excessive risk and generally operate recklessly. Profits on risky ventures remain privatized, while losses become socialized. That is what happens when you bet with other people’s (that is, taxpayers’) money. I have called the system “casino capitalism.” The solution, of course, is to end the policy of “too big to fail.” That will not happen soon, however, and we will likely see the government’s safety net extended to more institutions before there is any prospect for its withdrawal. In the interim, the risk-taking appetite of the large banks must be co... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=2473195 Fri, 12 Jun 2009 18:28:12 +0100 2473195 http://www.medworm.com/index.php?rid=2380727&cid=t_150058_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FtQKHZWLi1As%2F This article is certainly very old, but I came across it yesterday and thought the argument would be of interest to political theorists and classical liberals: …local businesspeople find it easier to do business in a country where there is no government. “There is no need to obtain licences and, in contrast with many other parts of Africa, there is no state-run monopoly that prevents new competitors setting up. Keeping price low is helped by the absence of any need to pay taxes.” Of course, the absence of a stable and legitimate political and judicial system, compounded by unyielding internecine violence, means individual and private property rights can never be fully protected and we aren’t likely to see foreign businesses flocking to this chaotic country in the... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=2380727 Thu, 30 Apr 2009 14:12:43 +0100 2380727 http://www.medworm.com/index.php?rid=2249694&cid=t_150058_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2F4WbIZOjtlk0%2F Here’s a round-up of bloggers who are writing about Cato this week: Writing at the Adam Smith Institute blog, Phillip Salter discusses Patrick J. Michaels’s proposal that scientific articles should be available online for public comment. Penning his thoughts on Obama’s plan to raise taxes on oil and gas usage, Wintery Knight cites Jerry Taylor’s research that shows why similar price control programs didn’t work in the 1970s. Reihan Salam quotes William Niskanen on The Atlantic’s Washington blog in a post about the “starve the beast” theory that says lawmakers can slow government’s growth by lowering taxes and running up deficits. Think Progress blogger Matthew Yglesias responds to Michael Cannon’s work on health care reform... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=2249694 Fri, 06 Mar 2009 17:57:08 +0100 2249694 http://www.medworm.com/index.php?rid=927924&cid=t_150058_133_f&fid=35096&url=http%3A%2F%2Ffeeds.b5media.com%2F%7Er%2Fb5media%2FAutismVox%2F%7E3%2F165285674%2F I was not alone in recently receiving an enigmatic, and (if I may so), sinister-toned email from one “Adam Smith,” making the claim that the rise in the prevalence of autism is caused by the “the mixing of different ethnic groups.” “Smith” even asserts that “Autism is caused by the mixing of different ethnic groups.” Orac at Respectful Insolence makes it clear that “‘Smith’ has it all wrong”: What’s almost certainly bothering this “Adam Smith” is not the “mixing” of Russians with Dutch or Spanish with Irish or French with British. What is almost certainly really bothering “Adam Smith” is the influx of all those nasty dark-skinned races into Europe and the increasing acceptanc... Autism Vox blogs http://www.medworm.com/rss/comments.php?id=927924 Thu, 04 Oct 2007 16:50:58 +0100 927924