Abstract

Against the turbulent backdrop of Enlightenment Scotland, Adam Smith lays out a succinct and highly engaging account of Smith's life and times, reviews his work as a whole and traces his influence over the past two centuries. Dispelling myths and debunking caricatures, this book explores his ideas in detail, from ethics to law to economics and government and the impact of those ideas on thinkers as diverse as Karl Marx, Charles Darwin, John Maynard Keynes and Friedrich Hayek. Adam Smith emerges as one of the founders of modern social psychology and behavioural theory, offering a strikingly modern evolutionary theory of political economy, which recognises the often complementary roles of markets and the state.