Index Investing News
Friday, May 30, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Adam Smith and Anthony de Jasay (With ChatGPT 4)

by Index Investing News
March 7, 2024
in Economy
Reading Time: 2 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


The following two quotes show a bridge between old-time classical liberals, represented by Adam Smith, the famous and 18th-century liberal economist, and Anthony the Jasay, the more radical liberal anarchist of our time.

The first quote comes from the manuscript of a lecture delivered by Smith (quoted after his death but later lost):

Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things.

The second quote is from Anthony de Jasay’s book Social Contract, Free Ride, which I review in the forthcoming issue of Regulation on the 35th anniversary of its publication. De Jasay defines (classical) liberalism as

a broad presumption of deciding individually any matter whose structure lends itself, with roughly comparable convenience, to both individual and collective choice.

This bridge points to a common denominator between more moderate classical liberals and more radical libertarians: the ideal of a humble state. It is true that the correspondence is not perfect. Anthony de Jasay was more radical than his definition suggests. And other classical liberals—for example, Friedrich Hayek and James Buchanan—accepted a potentially larger role for the state than the two quotations above imply. Buy I think that de Jasay put his finger on a necessary (and perhaps sufficient) condition for liberalism or libertarianism: a general primacy of individual and private choices over collective and political choices.

*********************************

To illustrate this post, I instructed ChatGPT 4 to “generate an image symbolizing the primacy of individual and private choices as opposed to collective and political choices, as it is viewed by classical liberals and libertarians.” The robot labored on that (although “he” seemed to have an idea of what classical liberalism and libertarianism are). I had to give other instructions, notably by evoking two individuals trading oranges and apples. Recall how James Buchanan used that image as a symbol of mutually beneficial exchange. The chatbot’s best or most striking image, which I use as this post’s featured image, is reproduced below.



Source link

Tags: AdamAnthonyChatGPTJasaySmith
ShareTweetShareShare
Previous Post

The bets she’s making now

Next Post

BJP and allies will win 22 seats out 25 Lok Sabha seats in Northeast India: Assam chief minister Himanta Biswa Sarma

Related Posts

US items imports tumble 20% in April as Trump’s tariffs disrupt commerce

US items imports tumble 20% in April as Trump’s tariffs disrupt commerce

by Index Investing News
May 30, 2025
0

Keep knowledgeable with free updatesMerely signal as much as the US commerce myFT Digest -- delivered on to your inbox.US...

US-China commerce talks ‘stalled’, says Scott Bessent

US-China commerce talks ‘stalled’, says Scott Bessent

by Index Investing News
May 30, 2025
0

Unlock the White Home Watch publication without costYour information to what Trump’s second time period means for Washington, enterprise and...

US appeals courtroom provides short-term reprieve to Donald Trump’s tariffs

US appeals courtroom provides short-term reprieve to Donald Trump’s tariffs

by Index Investing News
May 30, 2025
0

Unlock the White Home Watch publication without spending a dimeYour information to what Trump’s second time period means for Washington,...

BoE governor urges UK authorities to hunt nearer commerce ties with the EU

BoE governor urges UK authorities to hunt nearer commerce ties with the EU

by Index Investing News
May 29, 2025
0

Unlock the Editor’s Digest without spending a dimeRoula Khalaf, Editor of the FT, selects her favorite tales on this weekly...

Why Should People Pay Tariffs?

Why Should People Pay Tariffs?

by Index Investing News
May 29, 2025
0

A serious assertion by the Trump Administration is that tariffs are paid for by foreigners.  And, certainly, underneath very particular...

Next Post
BJP and allies will win 22 seats out 25 Lok Sabha seats in Northeast India: Assam chief minister Himanta Biswa Sarma

BJP and allies will win 22 seats out 25 Lok Sabha seats in Northeast India: Assam chief minister Himanta Biswa Sarma

Iconic WW2 kiss photo avoids ban — RT World News

Iconic WW2 kiss photo avoids ban — RT World News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Bitdeer reports 64% YOY increase in Bitcoin mined By Investing.com

Bitdeer reports 64% YOY increase in Bitcoin mined By Investing.com

March 7, 2024
Stock Market Trims Some Losses; This Stock Logs Its Best Day In 23 Years

Stock Market Trims Some Losses; This Stock Logs Its Best Day In 23 Years

August 8, 2023
How Excessive Will The Shiba Inu Value Be If It Rises To XRP’s .5 Billion Market Cap?

How Excessive Will The Shiba Inu Value Be If It Rises To XRP’s $30.5 Billion Market Cap?

October 21, 2024
How to Trade Bitcoin in Nigeria. Bitcoin trading in Nigeria has become… | by The Nova Markets | The Capital | Jan, 2023

How to Trade Bitcoin in Nigeria. Bitcoin trading in Nigeria has become… | by The Nova Markets | The Capital | Jan, 2023

January 29, 2023
Blue Chip Shares In Focus: Pc Providers, Inc.

Blue Chip Shares In Focus: Pc Providers, Inc.

August 12, 2022
Donald Trump Urges Choose Not To Dismiss CBS ’60 Minutes’ Lawsuit

Donald Trump Urges Choose Not To Dismiss CBS ’60 Minutes’ Lawsuit

May 29, 2025
Ron Baron says he received’t promote a single private Tesla share regardless of nosedive

Ron Baron says he received’t promote a single private Tesla share regardless of nosedive

March 11, 2025
Luigi Mangione Charged With 1st-Diploma Homicide in NYC Slaying of UnitedHealthcare CEO

Luigi Mangione Charged With 1st-Diploma Homicide in NYC Slaying of UnitedHealthcare CEO

December 18, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In