DUNCAN BLACK: HEIR TO ADAM SMITH AND THE SCOTTISH ENLIGHTENMENT

John H. Aldrich

National Institute Economic Review, 2023, vol. 265, 51-60

Abstract: Duncan Black, like Adam Smith before him, was trained at, and taught at, the University of Glasgow. Like Smith, Black followed the Enlightenment in appreciating the importance of theory and of its empirical applications. Black sought to apply the ideas of a schedule of preferences and a conception of equilibrium, to politics, as Smith had done in economics. Black believed that his median voter theorem could generalize to a theory of politics, much as Smith’s contributions did for market economics. Black did not complete that generalization, but William Riker did offer a theory of institutional politics, designed to complete Black’s project.

Date: 2023
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