An Authentic Account of Adam Smith

This book is a textual criticism of modern ideas about the work of Adam Smith that offers a new perspective on many of his famous contributions to economic thought. Adam Smith is often hailed as a leading figure in the development of economic theorie

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Gavin Kennedy

An Authentic Account of Adam Smith

Gavin Kennedy

An Authentic Account of Adam Smith

Gavin Kennedy Edinburgh, UK

ISBN 978-3-319-63801-0 ISBN 978-3-319-63802-7  (eBook) DOI 10.1007/978-3-319-63802-7 Library of Congress Control Number: 2017949478 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover credit: Heritage Image Partnership Ltd/Alamy Stock Photo Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

For Archie Morrice and Alexander Rolland

Exhibits List

Chapter “Adam Smith on Metaphors” Exhibit no 1: Adam Smith’s Figures of Speech and Metaphors in The Theory of Moral Sentiments (6th edition: 1790) Exhibit no 2: Adam Smith’s use of Figures of Speech and Metaphors in the Wealth of Nations Chapter “Adam Smith and the ‘Invisible Hand’” Exhibit 3: Some General Theological References to ‘an Invisible Hand’, from Ancient Times to the eighteenth-century Exhibit 4: Early Post-Smithian References to the ‘Invisible Hand’ 1857– 1899 Exhibit 5: Some of Smith’s Examples of Entrepreneurial Actions that Detrimentally Affected The Public Good Chapter “Smith’s Alleged Religiosity” Exhibit 6 Theology References in Wealth of Nations Exhibit 7 Theology References in TMS

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Preface

Academic authors owe much to their peers and predecessors. My first conversation on Adam Smith was with the late Professor Andrew Skinner of Glasgow University, whom I met when we both happened to visit the department of economics at Strathclyde University, where I had been an undergraduate and postgraduate student in the 1960s. I was then a lecturer in economics at Brunel University in West London. We fell into conv