What kind of person was Adam Smith? How does Smith’s theory of morality compare to other philosophers’ theories? What did economics look like before Smith?

Paul Mueller discusses Adam Smith’s life and ideas, explains Smith’s “invisible hand” and “impartial spectator” analogies, and talks about the marginal revolution that occured in economics 100 years after Smith’s death.

Show Notes and Further Reading

Adam Smith’s Wealth of Nations and Theory of Moral Sentiments are great places to start reading Smith in his own words.

Listeners may also want to check out our Free Thoughts episode with Russ Roberts on his book, How Adam Smith Can Change Your Life.

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