Adam Smith

Description

In 1776 Adam Smith (1723-90) wrote The Wealth of Nations , a book so foundational it has led to him being called the 'father of economics'. Today he is associated with the promotion of self-interest, a defence of greed and a criticism of any governmental 'interference' in market transactions which, if left to the 'invisible hand', will produce prosperity and liberty. Yet if Smith is actually read these associations are more a caricature than a faithful portrait. In this Very Short Introduction, Christopher Berry offers a balanced and nuanced view of this seminal thinker, embedding his fierce defence of free trade, competition, and assault on special interests in contemporary European history, politics, and philosophy. As Berry explores, Smith was far more than an economist. His book The Theory of Moral Sentiment, offered a complex account of ethics in the context of human social behaviour. His scope as a professor at the University of Glasgow, a major centre of the Scottish...