Adam Smith's Marketplace of Life

From: Ideas on Liberty | Date: November 1, 2003| Author: | Copyright information

Adam Smith's Marketplace of Life by James R. Otteson Cambridge University Press * 2002 * 338 pages * $70.00 hardcover; $26.00 paperback

One of the puzzles confronting students of the history of economic thought is the apparent inconsistency of the two masterworks of Adam Smith: The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations. In the former, Smith gives an account of how benevolence plays a central role in shaping individuals' moral sensibilities, while in the latter he contends that economic prosperity can prevail with nary a trace of ...

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