Economic Theory

Adam Smith's Lost Legacy by G. Kennedy PDF

By G. Kennedy

ISBN-10: 0230511198

ISBN-13: 9780230511194

ISBN-10: 1403947899

ISBN-13: 9781403947895

During this available ebook, Gavin Kennedy takes a clean examine Adam Smith's ethical philosophy and its hyperlinks to his political economic climate and his lectures on jurisprudence. The ebook offers a brand new research of Wealth of countries, and argues that Adam Smith's highbrow legacy was once coopted within the 19th and 20th centuries by means of economists pursuing agendas that Smith didn't suggest. It additionally presents a brand new cause of the most mysteries approximately Smith's later lifestyles.

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Example text

In the ancient version of the world, the ground around where you stood was all you would ever tread, the people you knew were all you would ever know, and the gods you feared were ever present, threatening and bountiful in perplexing measure. You could neither run nor hide from the gods who ruled your fate, nor from their Earthly servants, the Kings, Priests and Soldiers, who could rule or ruin your life if you came to their notice – better to remain quiet and out of sight. Fantasy, on a scale we barely comprehend today, ruled every aspect of your life and ‘explained’ all you ever wanted to know about Nature.

3 Ilay’s other handicap was that he did not go to Oxford University. Like most of the male elite in the Establishment, Ilay went to Eton, but then, unusually for a British aristocrat, he attended Glasgow College, not Oxford. His ‘handicap’ had nothing to do with the quality of his education at Glasgow – far from it, as Glasgow at the time was superior academically to Oxford or Cambridge. He missed out on something far more important for the game of life near the top of British politics – the lifetime male ‘bonding’ (and, of course, lifetime hatreds too) built up as ‘the mob of young gentlemen’ prepared to become men in the cloying intensity of their shared alma mater.

David Hume went so far in 1751 as to provide a glossary of ‘Scotisims’ to be removed from polite speech. Such fads as these gave Smith a slight edge in his ambitions. Henry Home (later, Lord Kames, on his becoming a Scottish Judge) was a prominent lawyer and advocate, and later Judge and Lord Commissioner of Justiciary, in Edinburgh. 9 Smith, no doubt, was motivated sincerely to help Henry Home fulfil his vision of educating Scots in ‘proper’ English, but there were also personal benefits for Smith in achieving public recognition as an accomplished academic lecturer.

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Adam Smith's Lost Legacy by G. Kennedy

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