Is the Adulation of the Rich-and-Powerful Derived from Benevolence? Adam Smith and the Distinction Between Aspiration and Interests
<p dir="ltr">What is the source of the adulation of the rich-and-powerful? It cannot be benevolence. But then what is the criterion that delineates adulation from benevolence? This paper argues that the criterion resides in the set of inputs of the utility function: Does the set incl...
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2019
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