A Comment on Maria Pia Paganelli’s Mistaken Treatment of Adam Smith’s “Four Stages” Theory of Economic Development
James C.W. Ahiakpor
No 9qp43, SocArXiv from Center for Open Science
Abstract:
Paganelli (2022) casts doubt on whether Adam Smith argues a “Four Stages” theory or a “stadial model” of socio-economic development; she dismisses the usefulness of cross-section data to evaluate Smith’s theory of the evolution of economies; and she misinterprets several texts in the Wealth of Nations. Disregarding more accurate interpreters of Smith, she invites us to inquire again into the causes of the wealth of nations since Smith, in her judgment, has failed in that effort. But Smith’s Wealth of Nations, carefully read, is an essential guide to policy formulation to promote the efficient development of economies. My comment clarifies.
Date: 2023-04-20
New Economics Papers: this item is included in nep-his, nep-hme and nep-hpe
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
https://osf.io/download/643d75847078db32c6ba1eb9/
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:9qp43
DOI: 10.31219/osf.io/9qp43
Access Statistics for this paper
More papers in SocArXiv from Center for Open Science
Bibliographic data for series maintained by OSF ().