Reading Adam Smith: Understanding the Misinterpretations & the Fallacy of the Adam Smith Problem

This paper investigates Adam Smith’s intricate vision of human motivation and seeks to expose the fallacy of the “Adam Smith Problem”. Through an expansive study of the famed economist’s two most prominent works, An Inquiry into the Nature and Causes of the Wealth of Nations (WN) and The Theory of Moral Sentiments (TMS), I will show that the two are perfect complements of one other and that Adam Smith did not set down in one place his views on the nature of man. Adam Smith saw man for what he truly is, dominated by selfinterest but not without concern for others, able to reason but not necessarily able to reach the best or right conclusion while all the time seeing one’s own actions through a veil of self-delusion. WN and TMS are equally important books, and in order to understand the economics and philosophy of Adam Smith, both must be read and studied

Tidal interaction of a rotating 1 Msun star with a binary companion

We calculate the tidal torque on a uniformly rotating 1 Msun star at various stages of core hydrogen burning by an orbiting companion. We apply the `traditional approximation' and solve the radial part of the tidal perturbations by matrix inversion of the set of finite difference equations on a very fine grid. We have identified resonances with gravity- and quasi-toroidal modes with up to 1000 radial nodes in the more evolved stellar models. For low forcing frequencies we find significant tidal response due to viscous damping of inertial modes in the convective envelope of the solar-type star. We conclude that effects due to stellar rotation (including resonance locking) may considerably enhance the speed of tidal evolution in solar-type stars.Comment: accepted for publ. in A&A, 11 pages, 6 figure