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Adam Smith, Radical and Egalitarian
Foreword by the Rt. Hon. Gordon Brown, Chancellor of the ExchequerThis book aims to show that Adam Smith (1723-90), the author of The Wealth of Nations, was not the promoter of ruthless laissez-faire capitalism that is still frequently depicted. Smith’s “right-wing” reputation was sealed after his death when it was not safe to claim that an author may have influenced the French revolutionaries. But as the author, also, of The Theory of Moral Sentiments, which he probably regarded as his more important book, Smith sought a non-religious grounding for morals, and found it in the principle of sympathy, which should lead an impartial spectator to understand others’ problems. This book locates Smith in the Scottish Enlightenment; shows how the two books are perfectly consistent with one another; traces Smith’s influence in France and the United States; and draws out the lessons that Adam Smith can teach policy makers in the 21st Century. Although Smith was not a religious man, he was a very acute sociologist of religion. The book accordingly explains the Scottish religious context of Smith’s time, which was, as it remains, very different to the English religious context.The whole book is shot through with Iain McLean’s love for the Edinburgh of his birth, and for the Scottish Enlightenment. It begins and ends with poems by Smith’s great admirer Robert Burns.
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On Adam Smith's Wealth of Nations
Adam Smith was a philosopher before he ever wrote about economics, yet until now there has never been a philosophical commentary on the Wealth of Nations. Samuel Fleischacker suggests that Smith's vastly influential treatise on economics can be better understood if placed in the light of his epistemology, philosophy of science, and moral theory. He lays out the relevance of these aspects of Smith's thought to specific themes in the Wealth of Nations, arguing, among other things, that Smith regards social science as an extension of common sense rather than as a discipline to be approached mathematically, that he has moral as well as pragmatic reasons for approving of capitalism, and that he has an unusually strong belief in human equality that leads him to anticipate, if not quite endorse, the modern doctrine of distributive justice.
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Adam Smith : systematic philosopher and public thinker
This book treats Adam Smith as a systematic philosopher. Smith was a giant of the Scottish Enlightenment with polymath interests. The book explores Smith’s economics and ethics in light of his other commitments on the nature of knowledge, the theory of emotions, the theory of mind, his account of language, the nature of causation, and his views on methodology. It places Smith’s ideas in the context of a host of other philosophers, especially David Hume, Rousseau, and Isaac Newton; it draws on the reception of Smith’s ideas by Sophie de Grouchy, Mary Wollstonecraft, and other philosophers and economists to sketch the elements of and the detailed connections within Smith’s system. The book traces out Smith’s system and puts it in the context of his highly developed views on the norms that govern responsible speech. In particular, the book articulates Smith’s concerns with the impact of his public policy recommendations, especially on the least powerful in society. In so doing, the book offers new interpretations of Smith’s views on the invisible hand, Wealth of Nations, his treatment of virtue, the nature of freedom, the individual’s relationship to society, his account of the passions, the moral roles of religion, and his treatment of the role of mathematics in economics. While the book offers a single argument, it is organized in modular fashion and includes a helpful index; readers with a more focused interest in Smith’s achievements can skip ahead to the section of interest.
eBook
Adam Smith : a very short introduction
\"In 1776 Adam Smith (1723-90) wrote 'The Wealth of Nations', a book so foundational it has led to him being called the 'father of economics'. Today he is associated with the promotion of self-interest, a defence of greed and a criticism of any governmental 'interference' in market transactions which, if left to the 'invisible hand', will produce prosperity and liberty. Yet if Smith is actually read these associations are more a caricature than a faithful portrait. In this 'Very Short Introduction', Christopher Berry offers a balanced and nuanced view of this seminal thinker, embedding his fierce defence of free trade, competition, and assault on special interests in contemporary European history, politics, and philosophy. As Berry explores, Smith was far more than an economist. His book 'The Theory of Moral Sentiment', offered a complex account of ethics in the context of human social behavior. His scope as a professor at the University of Glasgow, a major center of the Scottish Enlightenment, was extensive. Beyond courses in philosophy and jurisprudence he also gave classes covering history, literature, and language. In addition to his two major works he also wrote a pioneering study of the history of astronomy as an illustration of the motivations that drive humans to seek answers to questions\"-- Provided by publisher.
Book
Do not take peace for granted
Is trade a promoter of peace? Adam Smith, one of the earliest defenders of trade, worries that commerce may instigate some perverse incentives, encouraging wars. The wealth that commerce generates decreases the relative cost of wars, increases the ability to finance wars through debts, which decreases their perceived cost, and increases the willingness of commercial interests to use wars to extend their markets, increasing the number and prolonging the length of wars. Smith, therefore, cannot assume that trade would yield a peaceful world. While defending and promoting trade, Smith warns us not to take peace for granted.
Journal Article
Adam Smith: Wie Der Wohlstand der Nationen die Wirtschaftswissenschaft revolutionierte
In nur 50 Minuten Adam Smith verstehenAdam Smith gilt als einer der Begrunder der klassischen Nationalokonomie und beeinflusste mit seinem Werk zahlreiche spatere Ansatze und Theorien. Der Wohlstand der Nationen: Eine Untersuchung seiner Natur und seiner Ursachen ist dabei vermutlich sein bekanntestes Werk. Darin geht Smith insbesondere auf Arbeitsteilung, Preisbildung und die Rolle des Staates bei der Regulierung der Wirtschaft ein. Sein Konzept des absoluten Preisvorteils, nach dem sich ein Land auf die Herstellung eines Produkts spezialisieren sollte, fur die seine Produktionskosten im Vergleich zu den des Handelspartners geringer sind, wurde von David Ricardo aufgegriffen und um den komparativen Kostenvorteil erganzt. Smith war nicht nur Okonom, sondern in erster Linie Philosoph. So beschaftigte er sich eingehend mit der Moralphilosophie.Nach 50 Minuten wissen Sie:* alles uber Smiths Leben und Zeitgenossen* wie Smith zur Wirtschaftsgeschichte beigetragen hat* was es an Smiths Werk zu kritisieren gibt und wie man es erganzen konnteUber 50MINUTEN.DE | WIRTSCHAFTSWISSENWas bewegt die Wirtschaftswelt? Mit der Serie Business - Wirtschaftswissen der Reihe 50Minuten lernen Sie schnell die wichtigsten grundlegenden Konzepte, Personlichkeiten und historischen Entwicklungen kennen. Unsere Titel versorgen Sie mit der notwendigen Theorie, pragnanten Definitionen der Schlusselworter und interessanten Beispielen in einem einfachen und leicht verstandlichen Format. Sie sind der ideale Ausgangspunkt fur Leserinnen und Leser, die ihre Fahigkeiten und Kenntnisse erweitern mochten.
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