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This Companion of nineteen essays, accompanied by the editor's introduction, investigates aspects of the philosophical foundations of Adam Smith's thought as well as his economic analysis and approach to policy. The authors view Adam Smith's work as an interconnected system of thought, which incorporates both moral philosophy and economics. His earlier work in moral philosophy, The Theory of Moral Sentiments receives significant consideration and the contributors also discuss important connections and insights into the sort of economics that Adam Smith is more widely known for in his Wealth of Nations. This book is distinguished from other collections of essays on Adam Smith in that all of the contributors are economists, and the coverage is determined by the interests of contemporary economists and scholars in the history of economic thought.A wide audience will find this Companion of great value and interest, including economists, the general economics profession, political scientists and political theorists, and philosophers with an interest in Adam Smith's work as well as historians of economics. Advanced undergraduate and post-graduate students in these fields will also warmly welcome the book.
Edited by Jeffrey T. Young, A. Barton Hepburn Professor of Economics, St Lawrence University, Canton, New York, US
Contents: IntroductionJeffrey T. YoungTable of Smith’s Primary Works Brendan LongSmith’s Life and Major WorksBrendan LongPART I: ADAM SMITH’S SYSTEM AND ITS ANTECEDENTS: PHILOSOPHICAL CONCERNS1. Adam Smith, the Last of the Former Virtue EthicistsDeirdre McCloskey2. Adam Smith and AristotleGloria Vivenza3. Agency and Discourse: Revisiting the Adam Smith ProblemVivienne Brown4. Adam Smith’s TheismBrendan Long5. Smith’s Philosophy and Economic MethodologySheila C. Dow6. The Moral Philosophical Frame of Adam Smith’s Economic ThoughtJerry Evensky PART II: ADAM SMITH’S SYSTEM AND ITS ANTECEDENTS: ANALYTICAL ECONOMICS7. Adam Smith, the Physiocrats and TurgotPeter Groenewegen8. Wants versus Needs: A Smithian Model of General EquilibriumAmos Witztum9. Stochastic Demand and the Extent of the Market: Another Piece of the Smith PuzzleJames M. Buchanan and Yong J. Yoon10. Smithian Answers to Some Puzzling Results in the Experimental Literature Maria Pia PaganelliPART III: APPLICATIONS AND POLICY ANALYSIS11. The Invisible Hand Warren J. Samuels12. Adam Smith and Economic DevelopmentSalim Rashid13. ‘In the Heat of Writing’: Polemics and the ‘Error of Adam Smith’ in the Matter of the Corn BountyGlenn Hueckel14. The Mercantile SystemAndrew S. Skinner15. Jeremy Bentham and Adam Smith on the Usury Laws: A ‘Smithian’ Reply to Bentham and a New ProblemSamuel Hollander16. ‘Only Three Duties’: Adam Smith on the Economic Role of GovernmentSteven G. Medema and Warren J. Samuels17. Adam Smith on the Standing Army versus Militia Issue: Wealth Over Virtue?Leonidas Montes18. Adam Smith and the Place of FactionDavid M. Levy and Sandra J. Peart19. Adam Smith and the Chicago SchoolSteven G. MedemaIndex
‘The Elgar Companion to Adam Smith contains a set of papers by outstanding scholars, many of whom have made a career of studying Smith and have separately written book-length treatises on him. The reader is thus treated to a mature and nuanced treatment of Smith throughout. . . an outstanding collection by a gifted group of writers, and is highly recommended.'
Cary Cooper, Ivan T. Robertson, UK) Cooper, Cary (Lancaster University Management School, Lancaster University, UK) Robertson, Ivan T. (Robertson Cooper Ltd and University of Manchester, Institute of Science & Technology, UMIST, Ivan T Robertson