The Essential Adam Smith

Few writings are more often cited as a cornerstone of modern economic thought than those of Adam Smith. Few are less read. The sheer strength of his great work, The Wealth of Nations, discourages many from attempting to explore its rich and lucid arguments. In this brilliantly crafted volume, one of the most eminent economists of our day provides a generous selection from the entire body of Smith's work, ranging from his fascinating psychological observations on human nature to his famous treatise on what Smith called a "society of natural liberty," The Wealth of Nations. Among the works represented in this volume in addition to The Wealth of Nations are The History of Astronomy, Lectures on Jurisprudence, The Theory of Moral Sentiments, and Smith's correspondence with David Hume. Before each of Smith's writings Robert Heilbroner presents a clear and lively discussion that will interest the scholar as much as it will clarify the work for the non-specialist. Adam Smith emerges from this collection of his writings, as he does from his portrait in Professor Heilbroner's well-known book, as the first economist to deserve the title of "worldly philosopher."

Gathers selections from Smith's economic writings, discusses his theories, and assesses their influence on modern economics.

Adam Smith (1723–90) is perhaps best known as one of the first champions of the free market and is widely regarded as the founding father of capitalism. From his ideas about the promise and pitfalls of globalization to his steadfast belief in the preservation of human dignity, his work is as relevant today as it was in the eighteenth century. Here, Ryan Hanley brings together some of the world's finest scholars from across a variety of disciplines to offer new perspectives on Smith’s life, thought, and enduring legacy. Contributors provide succinct and accessible discussions of Smith’s landmark works and the historical context in which he wrote them, the core concepts of Smith’s social vision, and the lasting impact of Smith’s ideas in both academia and the broader world. They reveal other sides of Smith beyond the familiar portrayal of him as the author of the invisible hand, emphasizing his deep interests in such fields as rhetoric, ethics, and jurisprudence. Smith emerges not just as a champion of free markets but also as a thinker whose unique perspective encompasses broader commitments to virtue, justice, equality, and freedom. An essential introduction to Adam Smith’s life and work, this incisive and thought-provoking book features contributions from leading figures such as Nicholas Phillipson, Amartya Sen, and John C. Bogle. It demonstrates how Smith’s timeless insights speak to contemporary concerns such as growth in the developing world and the future of free trade, and how his influence extends to fields ranging from literature and philosophy to religion and law.

Adam Smith in Context delves into some central components of Smith's thought, especially his moral philosophy, and challenges some commonly shared views. It combines philosophical, historical, methodological and economic issues of Smith's legacy, uncovering original interpretations of what Smith really said. It is an important contribution for those interested in Adam Smith as it proposes a different reading of his works by investigating the classical sources of his moral thought and the influences of his own time.

Gathers selections from Smith's economic writings, discusses his theories, and assesses their influence on modern economics

Adam Smith (1723–1790) is famous around the world as the founding father of economics, and his ideas are regularly quoted and invoked by politicians, business leaders, economists, and philosophers. However, considering his fame, few people have actually read the whole of his magnum opus The Wealth of Nations – the first book to describe and lay out many of the concepts that are crucial to modern economic thinking. The Routledge Guidebook to Smith’s Wealth of Nations provides an accessible, clear, and concise introduction to the arguments of this most notorious and influential of economic texts. The Guidebook examines: the historical context of Smith’s though and the background to this seminal work the key arguments and ideas developed throughout The Wealth of Nations the enduring legacy of Smith’s work The Routledge Guidebook to Smith’s Wealth of Nations is essential reading for students of philosophy, economics, politics, and sociology who are approaching Smith’s work for the first time.

Adam Smith is commonly conceived as either an economist or a moral philosopher so his importance as a political thinker has been somewhat neglected and, at times, even denied. This book reveals the integrated, deeply political project that lies at the heart of Smith’s thought, showing both the breadth and novelty of Smith’s approach to political thought. A key argument running through the book is that attempts to locate Smith on the left-right spectrum (however that was interpreted in the eighteenth century) are mistaken: his position was ultimately dictated by his social scientific and economic thought rather than by ideology or principle. Through examining Smith’s political interests and positions, this book reveals that apparent tensions in Smith's thought are generally a function of his willingness to abandon, not only proto-liberal principles, but even the principles of his own social science when the achievement of good outcomes was at stake. Despite the common perception, negative liberty was not the be-all and end-all for Smith; rather, welfare was his main concern and he should therefore be understood as a thinker just as interested in what we would now call positive liberty. The book will uniquely show that Smith’s approach was basically coherent, not muddled, ad hoc, or ‘full of slips’; in other words, that it is a system unified by his social science and his practical desire to maximise welfare.