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The authentic Adam Smith: his life and ideas

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Abstract

Adam Smith (1723-1790) has been adopted by neoconservatives as the ideological father of unregulated business and small government. His invisible hand has become a commanding shorthand for politicians promoting laissez-faire economics, but Smith never used it in reference to free-market capitalism. Smith was a deeply moral man who considered himself a philosopher, not an economist. Drawing on twenty-five years of research, James Buchan renders an Adam Smith untainted by political and economic interests. This compelling narrative uncovers Smith's passionate commitment to develop an ethical theory essential to his vision of a just commercial society.

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Adam Smith (1723-1790) has been adopted by neoconservatives as the ideological father of unregulated business and small government. His invisible hand has become a commanding shorthand for politicians promoting laissez-faire economics, but Smith never used it in reference to free-market capitalism. Smith was a deeply moral man who considered himself a philosopher, not an economist. Drawing on twenty-five years of research, James Buchan renders an Adam Smith untainted by political and economic interests. This compelling narrative uncovers Smith's passionate commitment to develop an ethical theory essential to his vision of a just commercial society.

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Available abstract

Adam Smith (1723-1790) has been adopted by neoconservatives as the ideological father of unregulated business and small government. His invisible hand has become a commanding shorthand for politicians promoting laissez-faire economics, but Smith never used it in reference to free-market capitalism. Smith was a deeply moral man who considered himself a philosopher, not an economist. Drawing on twenty-five years of research, James Buchan renders an Adam Smith untainted by political and economic interests. This compelling narrative uncovers Smith's passionate commitment to develop an ethical theory essential to his vision of a just commercial society.

Key concepts: Adam smith, Invisible hand, Ideology, Capitalism, Laissez-faire, Narrative, Politics, Free market

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