Path: utzoo!utgpu!news-server.csri.toronto.edu!mailrus!iuvax!ux1.cso.uiuc.edu!ux1.cso.uiuc.edu!m.cs.uiuc.edu!p.cs.uiuc.edu!gillies
From: gillies@p.cs.uiuc.edu
Newsgroups: comp.arch
Subject: Re: Orphaned Response
Message-ID: <76700224@p.cs.uiuc.edu>
Date: 1 Jun 90 22:07:00 GMT
References: <76700221@p.cs.uiuc.edu>
Lines: 25
Nf-ID: #R:p.cs.uiuc.edu:76700221:p.cs.uiuc.edu:76700224:000:1227
Nf-From: p.cs.uiuc.edu!gillies    Jun  1 17:07:00 1990


Ok Ok Ok enough already.  Thanks for the information but please stop
sending me more bits of history about Adam Smith's life and times.
Some of the best information was provided by Donald Wells and Jim
West:

  Adam Smith was a Scotsman who wrote "The Wealth of Nations" around
  1775, the original rationale for market economics, for capitalism.
  In the book he referred to the invisible hand" of the free market
  automatically leading independent entrepreneurs to make rational
  decisions for the good of both themselves and of society at large.
  This contradicted the current economic philosophy, Mercantilism,
  (accepted by most European rulers) which said government should
  control things (to keep wealth in the country --France's Kings went
  for this big time).

  (Note: There is also a current day economist called Adam Smith.  He
  puts out a news letter called "Adam Smiths Money World".  He also
  does shows on PBS.  I once got confused by this).


Actually, I had heard of the book "The Wealth of Nations", but didn't
know anything of the author.  On the other hand, I had heard a lot
about "Adam Smith's Money World", and wondered what on earth he had to
do with the popularity of Intel's microprocessors.