Emma Rothschild — 2023 Markets & Society Conference Keynote

Hayek Program Podcast

Melody McDonald and F.A. Hayek Program for Advanced Study in Philosophy द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Melody McDonald and F.A. Hayek Program for Advanced Study in Philosophy या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।

11M ago 46:03

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We're celebrating 300 years of Adam Smith! On this episode of the Hayek Program Podcast, we'll hear a keynote from the 2023 Markets & Society conference given by Emma Rothschild, the Jeremy and Jane Knowles Professor of History at Harvard University. In this lecture, Emma Rothschild begins by building an understanding of Adam Smith's conception of markets. She reanalyzes Smith's "invisible hand" metaphor, challenging the traditional interpretation and suggesting that it might not primarily refer to markets or economic equilibrium but rather the economics of uncertainty and trust. Emma also discusses Frank Knight, F.A. Hayek, Smith's frustration with the frivolity of markets, the abolition of feudalism, the four bad markets, Smith's hope for the future, and more.

This lecture is part of the University of Glasgow’s Smith@300: Celebrating Adam Smith as Scholar, Educator, and Citizen supported by the John Templeton Foundation.

The introduction is given by Craig Smith.