Mark Twain once quipped that a "classic [is] something that everybody wants to have read and nobody wants to read." This definition fits Adam Smith's timeless work The Wealth of Nations, published in 1776 on the eve of the American Revolution. For more than two centuries, partisans and pundits across the political spectrum have selectively quoted (or purported to quote) Smith's masterpiece of economic theory in support of legislative agendas and public policy. Smith himself would have been surprised at the near universal acceptance of his theories, especially given changes in the world economy since the 18th century. This book provides a close reading of his work, revealing a complex intellect schooled in the high moral ideals of classical philosophy, yet firmly grounded in the pragmatism of international trade and commerce.

Mark Twain once quipped that a "classic [is] something that everybody wants to have read and nobody wants to read." This definition fits Adam Smith's timeless work The Wealth of Nations, published in 1776 on the eve of the American Revolution. For more than two centuries, partisans and pundits across the political spectrum have selectively quoted (or purported to quote) Smith's masterpiece of economic theory in support of legislative agendas and public policy. Smith himself would have been surprised at the near universal acceptance of his theories, especially given changes in the world economy since the 18th century. This book provides a close reading of his work, revealing a complex intellect schooled in the high moral ideals of classical philosophy, yet firmly grounded in the pragmatism of international trade and commerce.

A dazzlingly original, "remarkable" account of the life and thought of legendary economist Adam Smith (Financial Times). Adam Smith (1723-1790) is now widely regarded as the greatest economist of all time. But what he really thought, and the implications of his ideas, remain fiercely contested. Was he an eloquent advocate of capitalism and individual freedom? A prime mover of "market fundamentalism"? An apologist for human selfishness? Or something else entirely? In the tradition of The Worldly Philosophers, Adam Smith dispels the myths and caricatures, and provides a far more complex portrait of the man. Offering a highly engaging account of Smith's life and times, political philosopher Jesse Norman explores his work as a whole and traces his influence over two centuries to the present day. Finally, he shows how a proper understanding of Smith can help us address the problems of modern capitalism. The Smith who emerges from this book is not only the greatest of all economists but a pioneering theorist of moral philosophy, culture, and society.

The Letter to Strahan is an ostensible letter that Adam Smith wrote on the last days, death, and character of his closest friend, the philosopher David Hume, and published alongside Hume’s autobiography, My Own Life, in 1777. Other than his two books, it is the only work that Smith published under his name during his lifetime, and it elicited a great deal of commentary and controversy. Because of Hume’s reputation for impiety, Smith’s portrayal of his friend’s cheerfulness and equanimity during his final days provoked outrage among the devout. Smith later commented that this work “brought upon me ten times more abuse than the very violent attack I had made upon the whole commercial system of Great Britain”—meaning, of course, The Wealth of Nations. This is the first annotated version of this fascinating and important work. Along with the Letter to Strahan, the volume also includes Hume’s My Own Life, the work to which the Letter was a kind of companion piece; two personal letters related to the Letter; and three published responses to the Letter—two viciously critical and one generally favorable. A substantial editor’s introduction discusses the context, composition, publication, and significance of the Letter, along with the strong reaction that it provoked. Taken together, the works included in the volume provide an entertaining and accessible entrée into some of the most controversial debates over religion and morality in the eighteenth century.

This new edition of The Life of Adam Smith remains the only book to give a full account of Smith's life whilst also placing his work into the context of his life and times. Updated to include new scholarship which has recently come to light, this full-scale biography of Adam Smith examines the personality, career, and social and intellectual circumstances of the Scottish moral philosopher regarded as the founder of scientific economics, whose legacy of thought - most notably about the free market and the role of the state - concerns us all. Ian Simpson Ross draws on correspondence, archival documents, the reports of contemporaries, and the record of Smith's publications to fashion a lively account of Adam Smith as a man of letters, moralist, historian, and critic, as well as an economist. Supported with full scholarly apparatus for students and academics, the book also offers 20 halftone illustrations representing Smith and the world in which he lived.