The question is asked a lot: is economics a science? And quite frankly, a lot of people show their bias when trying to answer. There are a few simple reasons as to why economics is a science.
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Adam Smith: mediums of exchange
Complex systems, like economies, require common mediums of exchange, like money, to increase their efficiency.
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Adam Smith: the dangers of specialization
Adam Smith praised specialization; however, was he entirely correct in doing so? read on to find out.
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Adam Smith: why we don’t want AGI and the dangers of specialization
;Adam Smith has some important lessons to teach us about Artificial Intelligence. His discussion on the division of labour seems to suggest general AI is the wrong way to go.
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The Wealth of Nations: the first of many
In this essay, I discuss the dangers of conflating consumption with human psychology, something Adam Smith does in his wealth of nations.
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