Adam Smith (1723-1790) has been adopted by neoconservatives as the ideological father of unregulated business and small government. His "invisible hand" has become a commanding shorthand for politicians promoting laissez-faire economics, but Smith never used it in reference to free-market capitalism. Smith was a deeply moral man who considered himself a philosopher, not an economist. Drawing on twenty-five years of research, James Buchan renders an Adam Smith untainted by political and economic interests. This compelling narrative uncovers Smith's passionate commitment to develop an ethical...
Adam Smith (1723-1790) has been adopted by neoconservatives as the ideological father of unregulated business and small government. His "invisible han...