The Modern Relevance of Adam Smith

Agenda:

Friday, May 18^th
6:00 – 7:00 PM	Welcome Reception	Legends Balcony (Turtle Point Clubhouse)
7:00 – 8:30 PM	Dinner	Drawing Room (Turtle Point Clubhouse)
8:30 – 9:30 PM	Networking Reception	Drawing Room Foyer (Turtle Point Clubhouse)
Saturday, May 19^th
8:00 – 8:30 AM	Breakfast	Legends B (Turtle Point Clubhouse)
*8:30 – 9:45 AM*	*Session 1: Self-interest and the Invisible Hand*	Legends A (Turtle Point Clubhouse)
9:45 AM – 9:50 AM	Break	Legends Foyer (Turtle Point Clubhouse)
*9:50 – 11:05 AM*	*Session 2: Protectionism and Cronyism*	Legends A (Turtle Point Clubhouse)
11:05 AM	Grab & Go Lunch	Legends Foyer (Turtle Point Clubhouse)
11:45 AM – 6:30 PM	Free Time (Tee times to be provided)	Turtle Point Golf Course
6:30 – 7:00 PM	Reception	Osprey Point Patio
7:00 – 8:30 PM	Dinner	Osprey Point Dining Room
8:30 – 9:30 PM	Networking Reception	Osprey Point Dining Room/Patio
Sunday, May 20^th	Breakfast & departure at your convenience

Readings:

Session 1: Self-interest and the Invisible Hand (full session pdf)

Smith, Adam. The Theory of Moral Sentiments. Edited by D. D. Raphael and A. L. Macfie. Indianapolis: Liberty Classics; Liberty Fund, Inc. (Glasgow Edition), 1982.

Part I, Section I, Chapter I, “Of sympathy” (¶ 1-2) and Chapter III, pgs 9, and 16-19;

Part I, Section II, Chapter IV, “Of the social passions,” pgs 38-40;

Part II, Section II, Chapter II, “Of the sense of Justice, of Remorse…” pgs 82-85;

Part III, Chapter VI, “Of the nature of self-deceit…,” (¶ 1-7), pgs 156-159;

Part IV, Chapter I, “Of the beauty which the appearance of utility bestows…” (¶ 8-10), pgs 181-185

Barber, Benjamin, Consumed: How Markets Corrupt Children, Infantalize Adults, and Swallow Citizens Whole. New York: WW Norton., 2007. Chapter 1, “Capitalism Triumphant and the Infantilist Ethos” (excerpt), pgs 1-12 and 31-37.

Smith, Adam. An Inquiry into the Nature and Causes of the Wealth of Nations, Volume I. Edited by R. H. Campbell and A. S. Skinner. Indianapolis: Liberty Fund, Inc., 1982.

Book I, Chapter I, “Of the Division of Labor” (¶ 1-3), pgs 13-15;

Book I, Chapter II, “Of the Principle which gives occasion…Division of Labour,” (¶ 1-3) pgs 25-28;

Book IV, Chapter II, “Of Restraints upon the Importation…” (¶ 1-5 and 7-10) pgs 452-456.

I, Pencil (video): https://www.youtube.com/watch?v=IYO3tOqDISE

Session 2: Protectionism and Cronyism (full session pdf)

Smith, Adam. An Inquiry into the Nature and Causes of the Wealth of Nations, Volumes I & II. Edited by R. H. Campbell and A. S. Skinner. Indianapolis: Liberty Fund, 1982.

Vol I, Bk IV, Ch. I, “Of the Principle of the commercial…” (¶ 1-11, 17-18, & 34), pgs 428-435, 438-439, and 449-450; and

Vol II, Bk IV, Ch. 8, “Conclusion of the Mercantile system” (¶ 1-4, 30, & 54) pgs 642-644, 654, 662

Simon, Stephanie. “A License to Shampoo: Jobs Needing State Approval Rise,” The Wall Street Journal, February 7, 2011. https://www.wsj.com/articles/SB10001424052748703445904576118030935929752

Yandle, Bruce. “Bootleggers and Baptists - The Education of a Regulatory Economist.” Regulation, AEI Journal on Government and Society (May/June 1983): pgs 12-16.

Smith, Adam. An Inquiry into the Nature and Causes of the Wealth of Nations, Volumes I. Edited by R. H. Campbell and A. S. Skinner. Indianapolis: Liberty Fund, Inc., 1982.

Vol I, Bk I, Ch. 10, part ii, “Inequalities occasioned…” (¶ 27-34, 41-45), pgs 145-147, 151-152.

Gallagher, Jim. “St. Louis Area Factories Say They Have Plenty of Work, but not enough Skilled Workers,” St. Louis Post Dispatch, January 16, 2017. https://www.stltoday.com/business/local/st-louis-area-factories-say-they-...