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Adam Smith's America

Glory Liu

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THE WORD OF MOUTH

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throw0101b
> How is Wealth of Nations surprising for a modern reader? Most people haven't read it, and tend to only reference things like "invisible hand", and skim/skip over a lot of Smith's 'moralizing'. His book before Wealth was after all The Theory of Moral Sentiments: * https://en.wikipedia.org/wiki/The_Theory_of_Moral_Sentiments If you don't want to read Ye Olde English, perhaps see Glory Liu's book Adam Smith’s America: > Drawing on a trove of illuminating archival materials, Liu tells the story of how an unassuming Scottish philosopher captured the American imagination and played a leading role in shaping American economic and political ideas. She shows how Smith became known as the father of political economy in the nineteenth century and was firmly associated with free trade, and how, in the aftermath of the Great Depression, the Chicago School of Economics transformed him into the preeminent theorist of self-interest and the miracle of free markets. Liu explores how a new generation of political theorists and public intellectuals has sought to recover Smith’s original intentions and restore his reputation as a moral philosopher.…