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How Adam Smith would fix capitalism

Jesse Norman in the FT. Look out for the forthcoming symposium on Jesse’s soon-to-be released book in C+T. The real Adam Smith is a vastly wiser and more subtle thinker. He forces us to discard the usual simplistic slogans and tired clichés. But more than this: he still has a vast amount to teach us,…

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…

The Real Adam Smith

What can a man with a plain name who lived over 200 years ago tell us about life today? Who was The Real Adam Smith? And why should we care? In this two-hour, two-part documentary, Swedish author, commentator and Cato Senior Fellow Johan Norberg explores Adam Smith’s life, his ideas about morality and economics, and…

Philosophy of markets

The very excellent Lisa Herzog interviewed here. H/T to Eric Schliesser. The cliché is that Smith is a “negative liberty” guy and Hegel a “positive liberty” guy. In fact, both have very nuanced accounts of how different dimensions of freedom are realized in a modern society; the freedom to do what you want with your property…