The Individual In Society Papers On Adam Smith

Adam Smith's Wealth of Nations has been among the world books for over two hundred years and has gathered a mythology, which does scant justice to the actual book. One reason for this was that the Wealth of Nations was one of a series of studies through which Smith hoped to complete his system of moral, social and natural philosophy. The Individual in Society illustrates this system, especially in relation to Smith's other major work, The Theory of Moral Sentiments and examines its relation to the Wealth of Nations. Included are: * Chapters on the views of important commentators such as Zeyss, Eckstein, Jacob Viner and James Bonar * Discussion of the ethical and sociological background of Smith's work and its influence on the thought of the next century.

This is the first scholarly work to deal solely with the Adam Smith problem, namely the apparent contradiction between Adam Smith's most famous works, "The Theory of Moral Sentiments" and "The Nature and Causes of the Wealth of Nations". Since the 1840s scholars have puzzled over and attempted to explain the fact that these works offer two fundamentally different and contradictory concepts of human nature. In this radical new approach Do an Gocmen argues that there are, indeed, two different concepts of human nature; in "The Theory of Moral Sentiments", Smith advocates a broad synchronization of human intention and behaviour under a beneficent providence in a system of mutual sympathy, whereas "Wealth of Nations" is a critical account of the human situation of the individual and is an egoistic description of human beings in commercial society. Gocmen argues that Smith does indeed put forward two different and varied ideas, arguing that the ethical position articulated in "The Theory of Moral Sentiments" can be, and was intended by Smith to be, applied as a basis for criticising the commercial society analysed in the "Wealth of Nations". Gocmen argues that this ethical position points to the character of its ideal future replacement, that of Adam Smith's Utopia. Gocmen therefore dismisses as short-sighted and oversimple the common assumption that Adam Smith's Utopia consists merely of 'the invisible hand', the idea that markets would regulate everything if left to their own dynamics. This book challenges the traditional approach to Adam Smith and is the first contribution to the solution of a long-standing debate, making it essential reading for anyone wanting to understand the moral philosophy, political economy and utopian thought of Adam Smith.

"This is the first scholarly work to deal solely with the Adam Smith problem, namely the apparent contradiction between Adam Smith's most famous works, "The Theory of Moral Sentiments" and "The Nature and Causes of the Wealth of Nations". Since the 1840s scholars have puzzled over and attempted to explain the fact that these works offer two fundamentally different and contradictory concepts of human nature. In this radical new approach Do an Gocmen argues that there are, indeed, two different concepts of human nature; in "The Theory of Moral Sentiments", Smith advocates a broad synchronization of human intention and behaviour under a beneficent providence in a system of mutual sympathy, whereas "Wealth of Nations" is a critical account of the human situation of the individual and is an egoistic description of human beings in commercial society. Gocmen argues that Smith does indeed put forward two different and varied ideas, arguing that the ethical position articulated in "The Theory of Moral Sentiments" can be, and was intended by Smith to be, applied as a basis for criticising the commercial society analysed in the "Wealth of Nations". Gocmen argues that this ethical position points to the character of its ideal future replacement, that of Adam Smith's Utopia. Gocmen therefore dismisses as short-sighted and oversimple the common assumption that Adam Smith's Utopia consists merely of 'the invisible hand', the idea that markets would regulate everything if left to their own dynamics. This book challenges the traditional approach to Adam Smith and is the first contribution to the solution of a long-standing debate, making it essential reading for anyone wanting to understand the moral philosophy, political economy and utopian thought of Adam Smith."--Bloomsbury Publishing.

In order to understand the impact of Smith's text across the academic disciplines, this volume brings together leading scholars from fields of economics, politics, history, sociology and literature. Each essay offers a different reading of Wealth of Nations and its legacy.

Adam Smith was one of the most important seminal social philosophers of modern times. Although his great masterpiece - the Wealth at Nations - is most frequently associated with the field of economics, it has exer cised a profound and abiding influence not only in that but in all areas of social theory and practice as well. In view of this it is not a little puzzling that after nearly two centuries there does not exist a single reliable account of the full range of his social philosophy. The "circumstances which have contributed to this void in the literature are easily identified. All who are at all familiar with Smith's life and writings recognize that he was a philosopher by profession and that all his writings were conceived and executed as works of philosophy. During his lifetime his work was viewed iIi that perspective. At about the time of his death in 1790, however, Smith's work was eclipsed in the field of philosophy by Hume and Reid in Great Britain and Kant on the conti nent. Thereafter the interpretation of his writings was taken up by those who were profoundly interested in only one aspect of his work, viz. , his political economy. In the process of explicating that feature of his thought the social philosophy upon which his political economy was based and of which it was but one application was at first ignored and then represented as rather simplistic.