On the horizon…our challenge is to reclaim…not just economic principles associated with Adam Smith…but the moral spirit associated with him…as well. Actually…Smith’s economics looked quite different from what…typically…the public expects of economists…today. He was a moral philosopher…whose principal ambition was to ask and answer questions about so-called “right action.” What should individuals and families do? And at the macro level…Smith asked…what should communities and entire societies do?”
Its challenges have dogged the economy throughout the post-World War II era but in each decade the U.S. managed to adapt – to reinvent itself economically, even by absorbing some of automation’s darkest impacts. That is until now. Actually, the automation story began over two centuries ago in Great Britain shortly after the inking of our own U.S. Constitution. Three generations later, following America’s Civil War, the First Industrial Revolution finally arrived on American shores.
The mojo of modern capitalism is gone.
How do we get it back?
Follow the journey of three zombie economists who attempt to unravel the mystery of how to make capitalism great again.
Joan Robinson, Adam Smith and Jeremy Bentham come back to life in search of the answers to today’s problems with capitalism.
With the theories of all three coming to a head, the trio sets out to get it right!
Adam…next addresses his zombie colleagues…Jeremy and Joan…as the three-some winds up its visit to the thought-provoking public library in the Great Salty City. However, little could Smith know…during the break…Robinson…on the spot…excoriated a roomful of liberal political operatives…..