Adam Smith’s Lost Legacy

Cover......Page 1
Contents......Page 8
Preface......Page 10
Acknowledgements......Page 12
Bibliographical Note......Page 14
General Introduction......Page 15
Part I The Man......Page 18
Introduction......Page 19
1 Smith\'s Family Background......Page 20
2 Disease of the Learned......Page 23
3 His \'Juvenile Work\'......Page 29
4 Bad Days at Balliol......Page 35
5 A Game of Great Skill......Page 40
6 His Strategic Allegiance......Page 45
7 Professor Smith!......Page 49
Part II Impartial Spectators......Page 54
Introduction......Page 55
8 The Religious Climate......Page 56
9 On Benevolence......Page 60
10 A Poem about a Louse......Page 65
11 The Impartial Spectator......Page 69
12 The Looking Glass......Page 74
13 Social Cohesion......Page 78
14 The Ends of Nature......Page 83
Part III Impartial Jurists......Page 88
Introduction......Page 89
15 Justice as a Negative Virtue......Page 91
16 Constitutional Monarchy......Page 95
17 Foundations of Liberty......Page 98
18 History as Imagination......Page 101
19 The Four Stages......Page 106
20 Was He Aware of a Fifth Stage?......Page 110
Part IV Impartial Competition......Page 112
Introduction......Page 113
21 A Linguistic Osmosis......Page 114
22 Insufficiency of Self-love......Page 118
23 Self-love and Conditionality......Page 121
24 Of the Process of Negotiation......Page 125
25 Of Distracting and Dismal Confusions......Page 129
26 Of Pins and Things......Page 132
27 Of Common Coats and Opulence......Page 136
28 Alienation: Rhetoric or Substance......Page 140
29 What Industrial Revolution?......Page 144
30 Significance of Smith\'s \'Unawareness\'......Page 149
31 Why Smith \'Retired\'......Page 153
32 On Laissez Faire......Page 158
33 The Wonderful World of Adam Smith?......Page 163
34 In the Absence of Perfect Liberty......Page 166
35 Monopolists in Product Markets......Page 169
36 Against the Public Interest......Page 172
37 The Impartial Competitor......Page 175
38 The Mercantile System......Page 179
39 The \'Invisible Hand\'......Page 182
40 The Ends of Monopoly?......Page 186
41 Smithian Markets......Page 188
42 Commercial Revival......Page 190
43 On the Virtues of Frugality......Page 195
44 On Market Interference......Page 198
45 Famous Exceptions to Free Trade......Page 202
46 Of Strawberries and Buttons......Page 205
47 Cheerful and Hearty Economics......Page 211
48 Accumulation and Employment of Stock......Page 214
49 On Doing More Harm Than Good......Page 217
50 Doom and Gloom?......Page 222
51 Of Grandchildren and Grandparents......Page 227
52 A \'Night Watchman\' State?......Page 232
53 Smith\'s Immodest Proposals for Public Expenditures......Page 236
54 Education and Health Expenditures......Page 241
55 Public Revenues......Page 246
56 Government Failure......Page 249
57 Reclaiming Smith\'s Legacy......Page 252
Appendix Smith\'s \'1755 Paper\'......Page 258
Notes......Page 266
Select Bibliography......Page 287
C......Page 297
G......Page 298
M......Page 299
R......Page 300
S......Page 301
Z......Page 302