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Status:
Available4.7
34 reviewsISBN 10: 0230227545
ISBN 13: 978-0230227545
Author: Gavin Kennedy
This book presents the authentic Adam Smith and explores his underlying approach and radical thinking, aiming to re-establish his original intentions. The book provides a crucial reminder of how relevant Adam Smith was in his own time, and how relevant he remains as we experience the worldwide spread of opulence today.
General Introduction: Why Adam Smith?
What is Wealth of Nations about?
Smith's history of Western Europe
Wealth of Nations
The shrinking frontier
1 'sufficient proofs of his fitness'
Introduction
Adam Smith, senior
Margaret Douglas Smith
Adam Smith's education
After Oxford
A professor is chosen
Did Smith block Hume?
2 'in the first ages of society'
Introduction
Stewart on Smith's common theme
Smith's 'market model'
Market or exchange model? Early foray into his method Long struggle against superstition
Wonder, surprise and admiration
Marketplace for morality
Exchange and jurisprudence
3 'so weak and imperfect a creature as man'
Introduction
The looking-glass
The impartial spectator
Harmonising influences
Hobbesian nightmares?
4 'in the beginning all the world was America'
Introduction
'in the beginning all the world was America'
The four ages of mankind
Smith's island story
Evolution of justice
Justice and defence of the 'rich'
5 'general principles of law and government'
Introduction
The interregnum and the fall of the Rome
The decline of feudalism
Constitutional liberty
Why Smith did not complete his third book?
6 'a certain propensity in human nature'
Wealth creation
The division of labour
Extent of the market
Exchange
Traded bargains
Bargaining exchanges
7 'had the original state of things continued'
Introduction
Value in a primitive society
Signs of muddle
'Had this state continued'
Constancy of the subsistence theory of labour
Exchangeable value in advanced societies
8 'thus at last the age of commerce arises'
Introduction
Natural and market prices
Wages
Imperfect markets
9 'setting to work industrious people'
Introduction
Accumulation of changes
Elements of commercial society
Origins of capital stock
Forms of capital stock
Money as capital
Malign consequences of self-interest
10 'increasing the fund for productive hands'
Introduction
Lowe's 'Smithian' growth
Constituent elements of pure Smithian growth
Necessary conditions for growth?
Productive and unproductive labour
Growth trajectories
11 'a very violent attack'
Introduction
Mercantile policies
Restraints on imports
Extraordinary import restraints
Mercantile political economy and colonies
Chartered trading companies
Colonial trade and capital distortions
12 'an invisible hand'
Introduction
The invisible hand in the 'History of Astronomy'
Moral Sentiments and the invisible hand
The invisible hand in Wealth of Nations
Absence of 'invisible hands'
13 'peace, easy taxes, and justice'
Introduction
First duty of government
Second duty of government
Third duty of government
Education and health
Public revenues
Government failure
Public debts
14 Adam Smith's Legacy
Introduction
The end of laissez-faire
What about the poor?
Afterword
adam smith: a moral philosopher
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Tags: Gavin Kennedy, Adam Smith, A Moral Philosopher, His Political Economy