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...invisible hand emerge as the one idea from Smith's work that everybody remembers? Mainly because it's so simple and powerful. If the invisible hand of the market really can be relied on at all times and in all places to deliver the most prosperous and just society possible, then we'd be idiots not to get out of the way and let it work its magic. Plus, the supply-meets-demand straightforwardness of the invisible-hand metaphor lends itself to mathematical treatment, and math is the language in which economists communicate with one another...

Author: /time Magazine | Title: What Would Adam Smith Say? | 3/25/2010 | See Source »

Hardly anything else in Smith's work is nearly that simple or consistent. Consider The Theory of Moral Sentiments, his long-neglected other masterpiece, published 17 years before The Wealth of Nations, in 1759. I recently cracked open a new 250th-anniversary edition, complete with a lucid introduction by economist Amartya Sen, in hopes that it would make clearer how we ought to organize our economy. (See a special report on important economists...

Author: /time Magazine | Title: What Would Adam Smith Say? | 3/25/2010 | See Source »

Simsek, whose work focuses on macroeconmics and finance, is the only hire in the department for the 2010-2011 year...

Author: By Julia L Ryan, CRIMSON STAFF WRITER | Title: Economics Department Hires New Junior Faculty | 3/25/2010 | See Source »

Instead of pursuing a degree, Ellison began work as an EMT. He soon moved back to Georgia, where he took a job as a police officer with the Gwinnett County Police Department...

Author: By Melody Y. Hu and Eric P. Newcomer, CRIMSON STAFF WRITERS | Title: Ellison Takes Winding Path to College | 3/25/2010 | See Source »

...consolidation process was accelerated last semester when the Chief Information Officer positions at both University and FAS IT were vacated. The two positions will now be merged into a single CIO—a symbolic and functional change that will help coordinate IT work across campus...

Author: By Noah S. Rayman and Elyssa A. L. Spitzer, CRIMSON STAFF WRITERS | Title: IT Offices To Consolidate | 3/25/2010 | See Source »

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