Economists and politicians have turned him into a mascot for free-market ideology. Some on the left say the right has badly misread him. In this updated replay of a 2022 episode, we hold a very Smithy tug of war.

 

• SOURCES:
  • Eamonn Butler, co-founder and director of the Adam Smith Institute.
  • Glory Liu, a political scientist and Adam Smith scholar at Georgetown University.
  • Mariana Mazzucato, professor in the economics of innovation and public value at University College London.
  • Dennis Rasmussen, a professor of political science at Syracuse University.
  • Russ Roberts, president of Shalem College in in Jerusalem; host of the EconTalk podcast; and author.
  • Craig Smith, Adam Smith Senior Lecturer in the Scottish Enlightenment at the University of Glasgow.

 

• RESOURCES:
  • Adam Smith’s America: How a Scottish Philosopher Became an Icon of American Capitalism, by Gloria Liu (2022).
  • "Henry and Adam: A Deep and Special Friendship," by Benny Higgins (Adam Smith Panmure House Perspective, 2020).
  • "Rescuing Adam Smith From Myth and Misrepresentation," (The Economist, 2018).
  • The Infidel and the Professor: David Hume, Adam Smith, and the Friendship That Shaped Modern Thought, by Dennis C. Rasmussen (2017).
  • How Adam Smith Can Change Your Life: An Unexpected Guide to Human Nature and Happiness, by Russ Roberts (2014).
  • "British Privatization — Taking Capitalism to the People," by John Moore (Harvard Business Review, 1992).
  • Free to Choose: A Personal Statement, by Milton Friedman and Rose Friedman (1990).
  • The Essential Adam Smith, edited by Robert L. Heilbroner (1986).
  • An Inquiry into the Nature and Causes of the Wealth of Nations, by Adam Smith (1776).
  • The Theory of Moral Sentiments, by Adam Smith (1759).

 

• EXTRAS:
  • "In Search of the Real Adam Smith," series by Freakonomics Radio (2022).

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