“[Adam Smith was] a higher above all genius (…) who had recognized some mistakes of the mercantile and physiocrats systems, put new principles of a theory called the industrial system, and directed minds for this road, on which they should necessarily advance”

—  Fryderyk Skarbek

Introduction; Cited in: Stefan Zabieglik. "Adam Smith's political economy in Poland. Review of the problem." Argumenta Oeconomica, 2002, No 2 (13)
Dictionary of political economy, 1818

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "[Adam Smith was] a higher above all genius (…) who had recognized some mistakes of the mercantile and physiocrats syste…" by Fryderyk Skarbek?
Fryderyk Skarbek photo
Fryderyk Skarbek 4
Polish noble 1792–1866

Related quotes

Friedrich Engels photo

“The Mercantile System still had a certain artless Catholic candour and did not in the least conceal the immoral nature of trade. … But when the economic Luther, Adam Smith, criticised past economics things had changed considerably. … Protestant hypocrisy took the place of Catholic candour.”

Friedrich Engels (1820–1895) German social scientist, author, political theorist, and philosopher

Das Merkantilsystem hatte noch eine gewisse unbefangene, katholische Geradheit und verdeckte das unsittliche Wesen des Handels nicht im mindesten. ... Als aber der ökonomische Luther, Adam Smith, die bisherige Ökonomie kritisierte, hatten sich die Sachen sehr geändert. ... An die Stelle der katholischen Geradheit trat protestantische Gleisnerei.
Outlines of a Critique of Political Economy (1844)

“Thus, there exist models, principles, and laws that apply to generalized systems or their subclasses, irrespective of their particular kind, the nature of their component elements, and the relations or „forces‟ between them. It seems legitimate to ask for a theory, not of systems of a more or less special kind, but of universal principles applying to systems in general. In this way, we postulate a new discipline called General Systems Theory. Its subject matter is the formulation and derivation of those principles, which are valid for „systems‟ in general.”

Ludwig von Bertalanffy (1901–1972) austrian biologist and philosopher

Source: General System Theory (1968), 2. The Meaning of General Systems Theory, p. 32

David Orrell photo

“The entire thrust of neoclassical thought is to argue that the free market economy is an efficient system that will optimize utility for all mankind, if only government will get out of the way. It therefore departs from classical economists such as Adam Smith, who recognized the importance of governments for regulating markets and preventing monopolies.”

David Orrell (1962) Canadian mathematician

Source: The Other Side Of The Coin (2008), Chapter 9, Square Versus Oblong, p. 284

Béla H. Bánáthy photo

“Systems theory pursues the scientific exploration and understanding of systems that exist in the various realms of experience, in order to arrive at a general theory of systems: an organized expressing of sets of interrelated concepts and principles that apply to all systems.”

Béla H. Bánáthy (1919–2003) Hungarian linguist and systems scientist

Source: Systems Design of Education (1991), p. 31

Voltaire photo

“It is the privilege of true genius, and certainly of the genius that opens a new road, to make without punishment great mistakes.”

Voltaire Le Siècle de Louis XIV

"Siècle de Louis XIV," ch. 32 (1751), qtd. in Arthur Schopenhauer, "The World as Will and Representation," Criticism of the Kantian philosophy (1818)
Citas
Original: (fr) C'est le privilège du vrai génie, et surtout du génie qui ouvre une carrière, de faire impunément de grandes fautes.

Albert Speer photo

“The tremendous danger, however, contained in this totalitarian system only became abundantly clear at the moment when we were approaching the end. It was then that one could see what the meaning of the principle was, namely, that every order should be carried out without any criticism. Everything... you have seen in the way of orders which were carried out without any consideration, did after all turn out to be mistakes... This system let me put it like this to the end of the system it had become clear what tremendous dangers are contained in any such system, as such quite apart from Hitler's principle. The combination of Hitler and this system, then, brought about this tremendous catastrophe to this world.”

Albert Speer (1905–1981) German architect, Minister of Armaments and War Production for Nazi Germany

As quoted by chief prosecutor Robert H. Jackson in the closing summation of the prosecution at the Nuremberg Trials on July 26, 1946

William H. Starbuck photo

“Another forerunner of modern organization theorists was Andrew Ure, a professor of chemistry. An enthusiastic proponent of “the factory system,” Ure (1835) took a step beyond Adam Smith. Whereas Smith’s pin factory was solely an example of division of labor, Ure pointed out that a factory poses organizational challenges. He asserted that every factory incorporates “three principles of action, or three organic systems”: (a) a “mechanical” system that integrates production processes, (b) a “moral” system that motivates and satisfies the needs of workers, and (c) a “commercial” system that seeks to sustain the firm through financial management and marketing. Harmonizing these three systems, said Ure, was the responsibility of managers.”

William H. Starbuck (1934) American academic

Source: "The Origins of Organizational Theory," 2005, p. 149-150

Arnold Toynbee photo

“In the middle of the last century there was comparatively little movement of workmen from place to place; but Adam Smith's fierce attack on the law of settlement shows that migration was on the increase. The world was, in fact, on the eve of an industrial revolution; and it is interesting to remember that the two men who did most to bring it about, Adam Smith and James Watt, met, as I have mentioned, in Glasgow, when one was dreaming of the book, and the other of the invention, which were to introduce a new industrial age.”

Arnold Toynbee (1852–1883) British economic historian

Source: Lectures on The Industrial Revolution in England (1884), p. 189

Fryderyk Skarbek photo

“Adam Smith, Say, and especially C. J. Kraus, one of the best teachers of Adam Smith’s theory, are my guides. The aim of my work is to present, in my own arrangement, their writings and thoughts clearly and plainly, together with some of my own observations.”

Fryderyk Skarbek (1792–1866) Polish noble

Introduction: Cited in: Hiroshi Mizuta, A Critical Bibliography of Adam Smith, Routledge, 20116. p. 173.
National Household, 1820

J. Howard Moore photo

“Our competitive system of industry is a vestigial institution. It is a survival from the militant ages of the past. It is a form of warfare. It is unsuited to a world of co-operation and division of labor. Higher men are beings of sympathy. They have the natures to put themselves in the places of others. Their ideal is the Golden Rule. But our system of industry compels us to fight each other. It is a heart-hardener. It is a system of cannibalism. Instead of instilling the feeling of brotherhood, it compels us to eat each other. It will pass away. It is already far advanced in its transition to a system based on sympathy and systematic co-operation.”

J. Howard Moore (1862–1916)

"Vestigial Customs and Institutions, pp. 190–191
Savage Survivals (1916), Savage Survivals in Higher Peoples (Continued)

Related topics