LYCOS RETRIEVER 
Adam Smith
built 641 days ago
Smith's literary executors were two old friends from the Scottish academic world; the physicist and chemist Joseph Black, and the pioneering geologist James Hutton. Smith left behind many notes and some unpublished material, but gave instructions to destroy anything that was not fit for publication. He mentioned an early unpublished History of Astronomy as probably suitable, and it duly appeared in 1795, along with other material, as Essays on Philosophical Subjects. Contemporary followers of Adam Smith include John Millar.
Source:
Smith regards ground-rent as a highly suitable base for taxation (1937, pp. 795-96): Ground-rents are a still more proper subject of taxation than the rent of houses. A tax upon ground-rents would not raise the rents of houses. It would fall altogether upon the owner of the ground-rent, who acts always as a monopolist, and exacts the greatest rent which can be got for the use of his ground. . . . Both ground-rents and the ordinary rent of land are a species of revenue which the owner, in many cases, enjoys without any care or attention of his own. Though a part of this revenue should be taken from him in order to defray the expenses of the state, no discouragement will thereby be given to any sort of industry.
Source:
Likewise, Adam Smith’s support of free trade seemed contingent on several things. He supported the Acts of Trade and Navigation, requiring British goods to be sent on British ships manned by British sailors.
Source:
Adam Smith has voted with a majority of his Democratic colleagues 96.0% of the time during the current Congress. This percentage does not include votes in which Smith did not vote. See a list of his votes against his party since 1991, a list of all Representatives in the 110th Congress with a similar score, or a full list of party voters.
Source:
Adam Smith (1723-90) is a mystery in a puzzle wrapped in an enigma. The mystery is the enormous and unprecedented gap between Smith's exalted reputation and the reality of his dubious contribution to economic thought.
Source:
If Adam Smith had written something like ‘When lordly masters divided the earth among themselves…’, he would have collided with the existing power structure and suffered whatever consequences their impatience would bestow upon him. He may not have found a publisher, nor a wide readership, many of whom were among the ‘lordly masters’ of his day.
Source:
MORE ABOUT
Adam Smith