On Adam Smith’s Wealth of Nations A Philosophical Companion 1st Edition by Samuel Fleischacker 9781400826056 1400826055
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ISBN 10: 1400826055
ISBN 13: 9781400826056
Author: Samuel Fleischacker
Adam Smith was a philosopher before he ever wrote about economics, yet until now there has never been a philosophical commentary on the Wealth of Nations. Samuel Fleischacker suggests that Smith’s vastly influential treatise on economics can be better understood if placed in the light of his epistemology, philosophy of science, and moral theory. He lays out the relevance of these aspects of Smith’s thought to specific themes in the Wealth of Nations, arguing, among other things, that Smith regards social science as an extension of common sense rather than as a discipline to be approached mathematically, that he has moral as well as pragmatic reasons for approving of capitalism, and that he has an unusually strong belief in human equality that leads him to anticipate, if not quite endorse, the modern doctrine of distributive justice. Fleischacker also places Smith’s views in relation to the work of his contemporaries, especially his teacher Francis Hutcheson and friend David Hume, and draws out consequences of Smith’s thought for present-day political and philosophical debates. The Companion is divided into five general sections, which can be read independently of one another. It contains an index that points to commentary on specific passages in Wealth of Nations. Written in an approachable style befitting Smith’s own clear yet finely honed rhetoric, it is intended for professional philosophers and political economists as well as those coming to Smith for the first time.
Table of contents:
CHAPTER ONE Literary Method
1. Obstacles to Reading Smith
2. Rhetoric
3. Genre
4. Style and Philosophical Method
CHAPTER TWO Epistemology and Philosophy of Science
5. Epistemology
6. Philosophy of Science
7. Philosophy of Social Science
8. Types of Evidence
9. Providentialism
CHAPTER THREE Moral Philosophy
10. Moral Sentimentalism
11. The Wealth of Nations and Moral Philosophy
12. A Moral Assessment of Capitalism?
PART II Human Nature
CHAPTER FOUR Overview
13. Philosophy and the Theory of Human Nature
14. Smith’s Picture of Human Nature
15. Religious Sentiments
16. Impartiality and Equality
17. Culture and History
18. From Homo Moralis to Homo Economicus
CHAPTER FIVE Self-Interest
19. WN in Context
20. “Bettering One’s Condition” in WN II.iii
21. Self-love in WN I.ii
22. Self-interest versus “General Benevolence”
23. Self-interest as an Assumption in WN
24. Smith and Hobbes: A Response to Cropsey
CHAPTER SIX Vanity
25. Vanity in TMS IV.i
26. TMS IV.i in the Light of WN
27. TMS IV.I and the 1790 Edition of TMS
28. The Importance of Vanity
29. From Homo Moralis to Homo Economicus (Reprise)
PART III Foundations of Economics
CHAPTER SEVEN Foundations of Economics
30. Natural Price/Market Price
31. Real Price/Nominal Price; Labor Theory of Value
32. The Long Term versus the Short; Growth versus Allocation; Definition of Wealth
33. Productive and Unproductive Labor
34. The Invisible Hand
PART IV Justice
CHAPTER EIGHT A Theory of Justice?
35. Some Puzzles about Smith’s Treatment of Justice
36. Smith’s Different Accounts of Justice
37. A First Argument for the Precision of Rules of Justice
38. Critical Jurisprudence and the Problems in Defining “Harm”
39. A Second Argument for the Precision of Rules of Justice
40. Reconstructing Smith’s Theory of Natural Justice
41. Smith’s Critical Jurisprudence in LJ and WN
CHAPTER NINE Property Rights
42. Property as Central to Justice
43. Utilitarian Accounts of Property
44. Locke, Hutcheson, and Hume on “Original” Ownership
45. Smith on “Original” Ownership
46. Property in WN
47. Taxation and Property Rights
48. Inheritance and Property Rights
49. Redistribution and Property Rights
CHAPTER TEN Distributive Justice
50. Two Meanings for “Distributive Justice”
51. Smith’s Contribution to the Politics of Poverty
52. A Brief History of Distributive Justice
53. The Right of Necessity
54. Smith and Natural Law Views of Property
PART V Politics
CHAPTER ELEVEN Politics
55. Moral Vices of Politicians
56. Cognitive Vices of Politicians
57. Problems with the “Private Sector”
58. Law over Policy; Well-designed Institutions
59. Republics versus Monarchies; Civic Republicanism
60. National Glory; War
61. Conclusion
CHAPTER TWELVE Learning from Smith Today
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Tags: Samuel Fleischacker, Adam Smith’s, Wealth, Philosophical