Adam Smith (1723-1790) was a Scottish economist and philosopher who is by many considered to be the father of modern economics. His main works on ethics (The Theory of Moral Sentiments, 1759) and economics (An Inquiry into the Nature and Causes of the Wealth of Nations, 1776) have become classics. On this page you can find books, articles, videos and online resources to learn more about his work and the relevance of his ideas for contemporary debates about free markets, capitalism, business and economics.
How do these two major works of Adam Smith – published almost two decades apart – relate? In other words: what was his view on the relationship between ethics and economics? This is known as ‘the Adam Smith problem’. In the interview above prof. Johan Graafland, economist and business ethicist, discusses this issue. He also addresses the role that human nature plays in market mechanisms and Smith’s famous concept of the ‘invisible hand‘ that seems to direct the economy.
An introduction video to each of the books by Lynne Kiesling, an associate professor in economics and associate director of the Purdue University Research Center in Economics:
All you can know about a book without actually reading it: the Moral Markets bookshelf
Articles & Blogs
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