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Smith, Justice, and the Scope of the Political

There was a time when many commentators thought that there was a problem with Adam Smith. The tendency to read Smith’s thought as marred by supposed tensions between the ‘sympathy’ of The Theory of Moral Sentiments (TMS) and the ‘selfishness’ of The Wealth of Nations (WN) has long since been debunked. Smith scholars are coming…

The ‘Invisible Hand’ Phenomenon in Philosophy and Economics

This chapter discusses Adam Smith’s rhetorical use of the ‘invisible hand’ in the context of his teachings on metaphors as figures of speech in his lectures on Rhetoric (Edinburgh, 1748-51; Glasgow, 1752-64 (LRBL). After Smith died (1790), a strikingly long-period of silence about his three references to an ‘invisible hand’ followed until 1875, when traces…

Adam Smith

Marking the birth of the gentle professor. In the university of Oxford, the greater part of the public professors have, for these many years, given up altogether even the pretence of teaching.   Adam SmithDavid Humedistributed knowledgeinvisible handMoral psychologypolitical economyPropriety and Prosperity: New Studies on the Philosophy of Adam SmithSpontaneous orderTheory of Moral SentimentsWealth of…

Adam Smith: Pillar of Liberalism

Died on this day 226 years ago — check out Propriety and Prosperity: New Studies on the Philosophy of Adam Smith for a collection of specially commissioned chapters from philosophers, economists, and political scientists, focusing on Adam Smith’s two main works Theory of Moral Sentiments and Wealth of Nations with a view to bringing Smith to a mainstream…