Craig Smith - Adam Smith

1 Series title

2 Title page Adam Smith Craig Smith polity

3 Copyright page

4 Acknowledgements

5 Abbreviations for Smith’s Works

6 1 Smith and the Scottish Enlightenment Life The Scottish Enlightenment Newton Hume Notes

7 2 Science and System Science Wonder, Surprise, and Admiration Systems Rhetoric Conjectural History Social Change Notes

8 3 Morality and Sympathy Sympathy Sociability Propriety General Rules Custom The Impartial Spectator The Limits of Sympathy Self-command Notes

9 4 Justice and Virtue Justice Benevolence Police Religion Moral Corruption The Invisible Hand The Implications of Inequality Notes

10 5 Jurisprudence Stadial Theory Property Government Warfare The Fall of Feudalism Modern Liberty Notes

11 6 The Nature of Wealth The Division of Labour Trade Markets Wages Capital Saving Productive and Unproductive Labour Banking and Money Notes

12 7 Government and the Market The Mercantile System Mercantile Policy Empire The Agricultural System Defence Justice Publick Works and Institutions Education Taxation Notes

13 8 Legacy and Influence ‘Das Adam Smith-Problem’ Moral Sentiments The Famous Dr Smith Classical Political Economy Marxism The New Right Contemporary Political Economy Smith Studies Adam Smith Problems Conclusion Notes

14 Bibliography

15 Index

16 End User License Agreement

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Craig Smith

polity

Copyright © Craig Smith 2020

The right of Craig Smith to be identified as Author of this Work has been asserted in accordance with the UK Copyright, Designs and Patents Act 1988.

First published in 2020 by Polity Press

Polity Press

65 Bridge Street

Cambridge CB2 1UR, UK

Polity Press

101 Station Landing

Suite 300

Medford, MA 02155, USA

All rights reserved. Except for the quotation of short passages for the purpose of criticism and review, no part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher.

ISBN-13: 978-1-5095-1822-7

ISBN-13: 978-1-5095-1823-4 (pb)

A catalogue record for this book is available from the British Library.

Library of Congress Cataloging-in-Publication Data

Names: Smith, Craig, 1977- author.

Title: Adam Smith / Craig Smith.

Description: Cambridge, UK ; Medford, MA : Polity, 2020. | Series: Classic thinkers series | Includes bibliographical references and index. | Summary: “Craig Smith’s new crystal-clear introduction reveals a far more complex and nuanced figure whose rich legacy remains highly relevant today”-- Provided by publisher.

Identifiers: LCCN 2019033302 (print) | LCCN 2019033303 (ebook) | ISBN 9781509518227 | ISBN 9781509518234 (pb) | ISBN 9781509518265 (epub)

Subjects: LCSH: Smith, Adam, 1723-1790. | Economists--Great Britain--Biography.

Classification: LCC HB103.S6 E36 2020 (print) | LCC HB103.S6 (ebook) | DDC 330.15/3092 [B]--dc23

LC record available at https://lccn.loc.gov/2019033302

LC ebook record available at https://lccn.loc.gov/2019033303

Typeset in 10.5 on 12pt Palatino

by Fakenham Prepress Solutions, Fakenham, Norfolk NR21 8NL

Printed and bound in Great Britain by CPI Group (UK) Ltd, Croydon

The publisher has used its best endeavours to ensure that the URLs for external websites referred to in this book are correct and active at the time of going to press. However, the publisher has no responsibility for the websites and can make no guarantee that a site will remain live or that the content is or will remain appropriate.

Every effort has been made to trace all copyright holders, but if any have been overlooked the publisher will be pleased to include any necessary credits in any subsequent reprint or edition.

For further information on Polity, visit our website: politybooks.com

When I was first approached to contribute a volume on Adam Smith to the Polity Classic Thinkers series, I decided that I would attempt to produce a work that both introduced readers to the whole of Smith’s body of thought and, at the same time, made the case for reading that body of thought as a consistent and coherent intellectual project. In writing the book, I have received much valued support and guidance from the editorial team at Polity, particularly George Owers and Julia Davies, and from the comments of three anonymous readers. Christopher J. Berry, Maria Pia Paganelli, and Kate Spence kindly agreed to read the draft manuscript and offered helpful constructive criticism. The book is a result of fifteen years teaching Adam Smith to undergraduate and postgraduate students. My position as Adam Smith Senior Lecturer at the University of Glasgow has allowed me to teach Smith to an interdisciplinary group of students drawn from Politics, Sociology, History, and Philosophy. Many of the formulations and examples included here first sprang from that classroom experience. As a result, this book is dedicated to the students of my courses on the Scottish Enlightenment and the Wealth of Nations at the University of Glasgow.