Adam Smith Chair of Political Economy - Adam Smith Professors of Political Economy

Adam Smith Professors of Political Economy

  • 1896-1915: William Smart
  • 1915-1940: William Robert Scott
  • 1945-1958: Alec Lawrence Macfie
  • 1958-1985: Thomas Wilson
  • 1985-1992: David Vines
  • 1994-2000: Andrew Stewart Skinner
  • 2000-2005: Gary Koop
  • 2005-present: Ronald MacDonald

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    The machines that are first invented to perform any particular movement are always the most complex, and succeeding artists generally discover that, with fewer wheels, with fewer principles of motion, than had originally been employed, the same effects may be more easily produced. The first systems, in the same manner, are always the most complex.
    Adam Smith (1723–1790)

    What we are, that only can we see. All that Adam had, all that Caesar could, you have and can do. Adam called his house, heaven and earth; Caesar called his house, Rome; you perhaps call yours, a cobbler’s trade; a hundred acres of ploughed land; or a scholar’s garret. Yet line for line and point for point, your dominion is as great as theirs, though without fine names. Build, therefore, your own world.
    Ralph Waldo Emerson (1803–1882)

    Climbing is unadulterated hard labor. The only real pleasure is the satisfaction of going where no man has been before and where few can follow.
    —Annie Smith Peck (1850–1935)

    The law is a sort of hocus-pocus science, that smiles in yer face while it picks yer pocket: and the glorious uncertainty of it is of more use to the professors than the justice of it.
    Charles Macklin (1690–1797)

    In Stalin each [Soviet bureaucrat] easily finds himself. But Stalin also finds in each one a small part of his own spirit. Stalin is the personification of the bureaucracy. That is the substance of his political personality.
    Leon Trotsky (1879–1940)

    Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.
    Friedrich Nietzsche (1844–1900)