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The Cambridge Companion to Adam Smith (Cambridge Companions to Philosophy) by Knud Haakonssen is a nonfiction available to read on EtoBox.

What is The Cambridge Companion to Adam Smith (Cambridge Companions to Philosophy) about?

This book is a collection of essays on Adam Smith.All of the essays ,either explicitly or implicitly,emphasize the fundamental importance of the Theory of Moral Sentiments(TMS,1959;6th edition,1790) in Smith's thought.The Wealth of Nations is an application of the TMS in the same way that Keynes's General Theory (GT;1936) is an application of the A Treatise on Probability (1921;TP). The following general conclusions are arrived at .First,Smith never intended to break ethics and moral philosophy away from political economy and form economics as a separate field.There is no normative versus positive economics question for Smith.It is Jeremy Bentham who attempted,successfully, to remove ethics and morals from political economy and base economics on Benthamite Utilitarianism alone.Modern (Benthamite Utilitarian) economics is exactly the opposite of what Smith intended.Second,there is no Adam Smith problem at all.The alleged conflict between the Wealth of Nations and the Theory of Moral Sentiments is due strictly to an attempt by the economics profession to try to read into Smith their own biased Benthamite Utilitarian decision making calculus which Smith completely rejected.Finally,

Who reads The Cambridge Companion to Adam Smith (Cambridge Companions to Philosophy)?

Author

Knud Haakonssen

Publisher

Cambridge University Press (Virtual Publishing)

Published

2006

Language

EN

ISBN

9781139797177

Category

nonfiction

Subjects

Philosophy, Anthropology, Humanities

Rating

4 / 5 (9 ratings)

Updated

2026-03-14