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Adam Smith's System of Liberty, Wealth, and Virtue

The Moral and Political Foundations of The Wealth of Nations

Bibliographic Data

ID19926229
AuthorsAthol Fitzgibbons (Griffith University, Queensland, corresponding author)
Year1997
Pages224
Publication date1997-11-13
Open AccessNo
TypeBOOK
VenueAdam Smith's System of Liberty, Wealth, and Virtue (SOURCE_BOOK)
PublisherOxford University PressOxford (PUBLISHER)
DOI10.1093/0198292880.001.0001
OpenAlexW2499089682
ISBN9780198292883
Open LibraryOL1116507M
LanguageEN
Citations received18

Adam Smith's System is a study in classical economic thought and methodology. It portrays Adam Smith as a Stoic philosopher who wanted virtue to be relevant to this life rather than to the next. His central purpose was to define a set of laws, a jurisprudence in the widest possible sense, which would permit economic and political liberalism to proceed without triggering long‐run moral degeneration. Smith argued that the conflict between morals and wealth was only apparent, because it was possible to synthesize the seeming contraries with better laws and moral rules. All of Smith's writings are analysed, including his writings on morals and methodology, art and rhetoric, and his political and economic writings. The relevance of Wealth of Nations is analysed, and Smith's theories of free trade and economic growth are put into context. It is shown that Smith was primarily concerned with the very broad intellectual endeavour to replace the Aristotelian world‐view, the bulwark and inspiration of medieval Christian thought, with an outlook that was more consistent with Newtonian science

Adam smith · Classical liberalism · Context (archaeology) · Economic liberalism · Economics · Epistemology · Invisible hand · Jurisprudence · Law and economics · Liberalism · Neoclassical economics · Political science · Politics · Positive economics · Relevance (law) · Rhetoric · Sociology · Theology · Virtue · Economic Theory and Institutions · Economic Theory and Policy · History · Law · Philosophy · Political Economy and Marxism · 18th century · adam Smith (1723-1790) · Business & Economics · Classical school of economics · Economische filosofie · Inquiry into the nature and the causes of the wealth of nations (Smith) · Moral and ethical aspects · Moral and ethical aspects of Economics · Theory

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Citations per year0.62
Citation span1997 - 2025 (29)
Highly citedNo

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