Reading Adam Smith
In this course we will read Adam Smith’s two great works, The Theory of Moral Sentiments (1759) and The Wealth of Nations (1776). Smith’s The Wealth of Nations is known for its elaboration of the principles of liberal capitalism. However, understanding Smith’s full teaching requires a study of The Theory of Moral Sentiments, which contains a full discussion of the human passions, especially sympathy. Both works contain Smith’s famous “invisible hand” metaphor. As both Jefferson and Hamilton admired Smith’s work, and as Americans continue to debate the relationship between politics and economics, we will conclude by considering the application of Smith's principles to America. (Political Theory)