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Lecture 3 - Adam Smith I: Outline of a Project

Published online by Cambridge University Press:  09 August 2023

Roger E. Backhouse
Affiliation:
University of Birmingham and Erasmus Universiteit Rotterdam
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Summary

Aims of the lecture

  • 1. To provide an outline biography of Adam Smith and the development of his work.

  • 2. To show how biography helps us also understand the context for his writings.

  • 3. To outline the reception of these writings, and the various approaches taken to them by modern commentary.

Bibliography

The standard edition of all Adam Smith’s writings and correspondence is the Glasgow edition published by Oxford University Press from 1976 onwards; this is also available in a cheap but well-produced paperback from Liberty Press. Unfortunately, no electronic version of this edition is currently available: this was taken down from the Library of Liberty site in February 2014 and replaced with a digitized version of the 1904 Cannan edition of Wealth of Nations, and there is no ebook version of the Glasgow edition. While Cannan’s edition has been superseded by the Glasgow edition, it does remain usable; since the Liberty Press paperback version is so cheap, however, there is no reason to refer to any of the many other editions of Wealth of Nations that are available. The Glasgow edition numbers paragraphs, and so the standard form of reference is not by page but generally as [Work] [Book].[Chapter].[Paragraph], e.g. WN IV.ix.3.

The Glasgow edition is in six volumes, each referred to below by initials as follows.

  • I. The Theory of Moral Sentiments (1759, based on the sixth edition of 1790) [TMS].

  • II. An Inquiry into the Nature and Causes of the Wealth of Nations (1776, based on the third edition of 1784) [WN].

  • III. Essays on Philosophical Subjects (1795) [EPS].

  • IV. Lectures on Rhetoric and Belles Lettres (first published 1963) [LRBL].

  • V. Lectures on Jurisprudence (first part-published 1896) [LJ].

  • VI. Correspondence of Adam Smith (1977) [Correspondence].

Adam Smith was a reluctant correspondent, and almost all his papers were destroyed on his instruction after his death; the principal source for most of what we know of his life and teaching is Dugald Stewart’s “Account of the Life and Writings of Adam Smith, L.L.D.” (EPS: 263–351). All subsequent biographies have built upon this in one way or another. The most accessible of these is Nicholas Phillipson’s Adam Smith: An Enlightened Life (London: Penguin, 2011).

Type
Chapter
Information
The History of Economics
A Course for Students and Teachers
, pp. 33 - 48
Publisher: Agenda Publishing
Print publication year: 2017

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