Showing results by author "James Otteson" in All Categories

Adam Smith (1723–1790) is widely hailed as the founding father of the discipline now known as economics, and he is widely credited as the founding father of what is now known as capitalism. Smith’s 1776 book, An Inquiry into the Nature and Causes of the Wealth of Nations, is often cited as the beginning of both economics and capitalism, and its influence since its publication ranks it among the most important works of the last millennium.

David Hume (1711–1776) is a towering and intriguing figure. He was the preeminent philosopher in what is now called the Scottish Enlightenment, a time that was “crowded with genius” and in a place regarded as the rebirth of the golden era of Athens. His writing displayed an astonishing range, addressing everything from metaphysics to politics, and in subject after subject, he produced fresh, novel, and brilliant insights.

Business has a bad name for many people. It is easy to point to unethical and damaging behavior by companies. And it may seem straightforward to blame either individuals or, more generally, ruthless markets and amoral commercial society. In Honorable Business, James R. Otteson argues that business activity can be valuable in itself. Done correctly, honorable business can enable flourishing for individuals and prosperity for society.